Retirement interest-only mortgages are a useful way to reduce your cash flow in retirement with the mortgage capital paid off when your property is…
Equity release is a means of retaining use of a house or other object which has capital value, while also obtaining a lump sum or a steady stream of income, using the value of the home.
Our goal at Equity Tree is to help you release equity from your property is the most efficient way by matching you with the best provider based on your personal requirements
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Find out About Equity Release
Our Equity Release Quiz is designed to find you the best equity release broker in the UK who will help you release cash from your property.
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Lifetime Mortgages Agreed
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Home Reversions Agreed
Lifetime Mortgage & Home Reversion
Lifetime Mortgage: You take out a mortgage secured on your property provided it is your primary residence while retaining ownership.
You can choose to ring-fence some of the value of your property as an inheritance for your family. You can decide to make repayments or let the interest roll-up.
The loan amount and any accrued interest are paid back when you die or when you move into long-term care.
Home reversion: You sell part or all of your home to a home reversion provider in return for a lump sum or regular payments. You have the right to continue living in the property until you die, rent-free, but you have to agree to maintain and insure it.
You can ring-fence a percentage of your property for later use, possibly for inheritance. The percentage you retain will always remain the same regardless of the change in property values unless you decide to take further cash releases.
At the end of the plan, your property is sold, and the sale proceeds are shared according to the remaining proportions of ownership.
Why Choose ‘Equity Tree’
Equity Tree work with hundreds of companies throughout the UK. We match your requirements up with the best Equity Release provider.
We have already helped thousands of people, and through our personal touch and hand-picked equity release providers, we help you navigate the world of Equity Release and release cash from your property.
- You still own your home with a lifetime mortgage
- The money you release is tax-free
- You can use the money for whatever you wish
- You can take the money in one lump sum or smaller instalments.
Equity Release FAQ's
No, unless you choose an interest-only lifetime mortgage. Interest-only lifetime mortgage plans may suit you if you have a regular source of income and can, therefore, afford to pay interest every month. The benefit of this is that the amount of the loan does not increase. It may be possible to pay all of the interest or a proportion dependent on what you can afford
Yes, as long as it’s legal! Most people use the money to pay off outstanding debts and mortgages, make home improvements, buy holidays, cars, help family, or to make life a bit more comfortable.
This is dependent on your age and the value of your property and varies between different products. The minimum loan is generally £10,000, and you need to be able to raise enough to pay off any outstanding mortgage plus any other loans secured on the property.
Yes, you and anyone else named on the agreement have security for life.
It can be as little as 3 or 4 weeks once we have received your application, but usually takes 6 to 8 weeks. If there are complications or if your solicitor is not familiar with Equity Release, it may take longer.
Yes. As long as we can raise enough money on the Equity Release plan to pay off the mortgage and any other loans secured on the property.
What Are The Next Steps
Using our hand-picked selection of Equity Release brokers throughout the UK means you will get the best equity release deal from a local broker who will understand your personal needs, who will be on hand to deal with any questions you have throughout the process.
Making the right decision for the best Equity Release deal
The process of Releasing Equity and choosing the best deal for your circumstances requires market research and personal research. That’s why we have a selection of hand-picked Equity Release brokers who have access to the entire market to get you the best deal.
Things to consider before Releasing Equity
Equity release is a way for older homeowners to access some of the money (the Equity) that is within the value of their home. If you are over the age of 55 and a homeowner, you are probably eligible to take out an equity release plan. The money you release is yours to spend on what you want. Popular choices are home improvements, repaying debts, helping children on to the property ladder or simply enjoying later life.
Why ‘Equity Tree’ is right for you?
When using the Equity Tree, we will get the best Equity Release broker that matches your requirements to speak and meet with you to discuss, in more detail your circumstances and requirements. You want to talk to a broker who has access to the entire market and not just let a computer algorithm decide your financial status.
Using our hand-picked selection of Equity Release brokers throughout the UK means you will get the best deal from a local broker who will understand your personal needs, who will be on hand to deal with any questions you have throughout the process.
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