Equity Release

Money Ways UK is directly regulated & authorised by the Financial Conduct Authority (FCA) as Independent Financial Advisor’s with over 20 years industry experience.
We are members of the Personal Finance Society, accredited members of The Society for Will Writers and proud to be an Accredited Member of The Equity Release Council.

What could equity release do for you?

  • Tax-free funds from your home.
  • You retain home ownership.
  • No negative equity' guarantee.

Equity Release is not right for everyone  - there are Pros and Cons which we are happy to explain with a free initial consultation for Equity Release.

We are totally independent and while this site focus’ on Equity Release, we are able to help with all area’s of financial planning including, Estate Planning, Will Writing, Inheritance Tax Planning & Investments.

We can visit you at home clients or place of business. We are proud to offer independent advice and help in all area's relating to equity release. We will take the time to listen and understand individual clients, explaining things in plain English to formulate advice best suited. We are also happy to make recommendations to legal professionals we work with, a key condition of Equity Release is independent legal advice for all clients.
 I would like to point out that this site does not included a quick calculator. The amount that can be borrowed is affected by a numerous factors, including age, health and house value and I would prefer to give accurate figures and accurate rates/costs.

Accredited Member of The Equity Release Council

HOW DOES EQUITY RELEASE WORK?

Equity release is a way to unlock the value from your home to supplement your retirement. To apply for equity release, you must be: Aged 55+ A UK homeowner with a property worth over £70,000. The money you unlock is yours to use as you wish. You can stay living in your home for the rest of your life and you don’t have to make monthly repayments. Even if you haven’t paid off your mortgage yet, you could still be eligible for equity release. You’ll just need to use some of the money you unlock to clear your mortgage first and can then use the remainder of the money as you wish. You can also use equity release to buy a new property. Perhaps downsizing still requires a small mortgage, then a life time equity release mortgage could be right for you. 

The choice to make monthly payments to pay the interest is up to you. We only advise on lifetime mortgages, where you still own the property as opposed to home reversion plans where you sell your home and become a tenant for life. This is business decision made for the benefit of our clients as we believe it fundamentally important our clients retain control and ownership of their own property. Our fee is £499 which is only payable on the successful completion.

There are 3 Options Designed To Suit Your Needs

The First is the LIFETIME MORTGAGE


A lifetime mortgage enables you to release a tax-free cash lump sum from the value of your home. You will continue to own your home completely and retain the right to live in it for the rest of your life.
You can choose to repay the interest each month or make no monthly payments and roll up the interest into the loan amount. The amount borrowed plus accrued interest is usually repaid from the proceeds of the sale of your property when you die or move permanently into long-term care.
It is important to note that the loan is secured against your home and a lifetime mortgage will reduce the value of your estate. 

The Second is ENHANCED LIFETIME MORTGAGE

An enhanced lifetime mortgage could allow more cash to be released from your property than a standard lifetime mortgage. This is dependent on lifestyle and medical factors that are taken into consideration. 
These factors include health and lifestyle issues such as weight, blood pressure, medical conditions and whether or not you smoke. 
It is important to note that, like standard lifetime mortgages, the loan is secured against your home and an enhanced lifetime mortgage will reduce the value of your estate.

The Third is the HOME REVERSION PLAN

A Home Reversion Plan involves selling part or all of your home to a home reversion provider. 
You receive the sale proceeds as cash, which can be paid as regular instalments or as a single lump sum. On most home reversion plans you retain the right to stay in your property rent-free for the rest of your life.
You will receive less than the full market value of your home, because the buyer cannot re-sell the property until you die or move permanently into long-term care.

We have made the business decision not to advise on or offer this type of equity release product due to the negative impact it can have.

Equity Release Is Not For Everyone, See If It's Right For You By Calling Money Ways UK For A FREE Consultation

Frequently Asked Questions About Equity Release

Can you tell me quickly how much I can borrow??

No -The amount that can be borrowed via Equity Release will be affected by the house value, your age and your health.

What about Lifetime Mortgages Interest Rates?

For lifetime mortgages, interest rates must be fixed or, if they are variable, there must be a “cap” (upper limit) which is fixed for the life of the loan. Fees are compounded annually and can mount up but be aware house values tend to increase which can offset some or even all of the interest. Death taxes will be lower because your estate will be less as you have an outstanding loan and will reduce the amount of the inheritance to your beneficiaries.

Can I owe more than the value of my home

There is a "no negative equity guarantee" so no matter what happens your estate will never owe more than the value of your home.

Can I lose my home?

You will not lose your home and can remain there for as long as you wish providing it remains your main residence

Can I protect the equity in my home?

Yes - You can protect a chosen percentage of the equity should you wish.

What if I decide to move or downsize?

You can downsize / move in the future usually without penalty. You can move to another suitable property subject to the new property being acceptable to your product provide

Are there any legal fees to pay and do I have to pay them up-front?

Fees, such as legal costs, valuation fee and lender fee’s do not have to be paid upfront and can be deducted from the Equity Release advance.
You are advised to seek a legal advice with an independent solicitor.