Learn about lifetime mortgages - the most popular way to release equity from your home. Available to homeowners aged 55 and over.
Getting a plan comparison is simple. Here's how the process works.
Answer a few simple questions about yourself and the level of cover you're looking for. It only takes a couple of minutes.
A specialist broker will call you back to discuss your requirements and answer any questions you may have.
The broker will present plans from leading providers so you can compare options and choose the cover that's right for your individual circumstances. There's no obligation to proceed.
55+
Homeowners
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Understanding how lifetime mortgages work. For homeowners aged 55+.
You borrow money secured against your home. Interest accumulates but no monthly payments are required.
The loan plus interest is repaid when you die, move into care, or sell the property.
With a lifetime mortgage, you own your home throughout and can stay as long as you wish. All Equity Release Council plans include a no negative equity guarantee.
Understanding how you can unlock your home's value
Equity release is, in a nutshell, a way to unlock the value of your property and turn it into cash which lets you access - or 'release' - the equity (cash) tied up in your home, if you're 55+.
The most popular type of equity release is a lifetime mortgage, which is a loan secured against your home.
You can receive the money you release in a lump sum or in several smaller amounts following an initial lump sum.