Release Equity From Your Home

Equity Release includes Lifetime Mortgages and Home Reversion Schemes. We can only advise and arrange Lifetime Mortgages and will refer to an Approved Specialist for Home Reversion Schemes. These pages will focus on Lifetime Mortgages. These are only applicable to those over 55 and could affect eligibility to state means tested benefits and the inheritance you may leave.

Why Think About Releasing Equity?

Many people reach retirement and realise their pension doesn’t quite stretch as far as they’d hoped. With the cost of living rising and state benefits under pressure, it’s not unusual to feel a little uncertain about the years ahead.

For others, it’s about maintaining the lifestyle they’ve worked hard for - the holidays, the hobbies, the simple freedom to say ‘yes’ more often. But even with careful planning, savings and pension pots can run down faster than expected.

At the same time, your home may have grown in value over the years, quietly becoming your biggest asset. While it’s natural to want to leave something behind for loved ones, using some of that wealth now could make your retirement more comfortable, secure, and enjoyable — and perhaps even allow you to help your family while you’re here to see it.

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What Could Equity Release Help You Do?

Everyone’s goals are different, but here are some of the most common ways our clients use equity release:

Boost retirement income
If your pension feels a little tight, a lifetime mortgage can provide extra funds to ease the pressure and make day-to-day life a little more comfortable.
Cover one-off expenses
Need a new kitchen, a reliable car, caravan or motorhome, or that long-promised trip of a lifetime? A lump sum could help make it happen - without touching your regular income.

Give family a helping hand
Many people like to gift money to children or grandchildren - for a house deposit, education, even a wedding, or just to make life a bit easier. After all, why wait until you’ve gone if you can enjoy helping them now? (Note: if you give money away the recipient may have to pay inheritance tax in the future).
Pay off an interest-only mortgage
Releasing equity can let you stay in your home, often without monthly repayments, with the loan repaid when the property is eventually sold. This is one of the fastest growing areas in which a Lifetime Mortgage can take away stress, pressure and anxiety of having to pay the mortgage off.
Buy a new home
Few realise you can use equity release to buy a home too - particularly helpful if you’re moving somewhere more expensive, perhaps to be nearer family, or downsizing with style. As traditional mortgages become trickier to secure in later life, this can open up options you might not have thought possible.

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Why Think About Releasing Equity?

Many people reach retirement and realise their pension doesn’t quite stretch as far as they’d hoped. With the cost of living rising and state benefits under pressure, it’s not unusual to feel a little uncertain about the years ahead.

For others, it’s about maintaining the lifestyle they’ve worked hard for - the holidays, the hobbies, the simple freedom to say ‘yes’ more often. But even with careful planning, savings and pension pots can run down faster than expected.

At the same time, your home may have grown in value over the years, quietly becoming your biggest asset. While it’s natural to want to leave something behind for loved ones, using some of that wealth now could make your retirement more comfortable, secure, and enjoyable — and perhaps even allow you to help your family while you’re here to see it.

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Common Questions

Still have some questions? Here are a selection of questions our clients often ask about Equity Release.

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Please choose FAQs from the Flexi Block Options at the bottom of this page.

Am I eligible for a lifetime mortgage and how much could I borrow?

Eligibility is mainly based on your age (usually 55+), your property value, and sometimes your health. The older you are, the more you can usually release. Andy can quickly show you the loan ranges available based on your home and circumstances, or you can use our maximum loan calculator here.

Can I protect some of the value of my home to leave as an inheritance?

Yes. Many plans offer a guaranteed percentage of your home that will always be left to your beneficiaries, no matter how long the plan runs.

Can I repay my lifetime mortgage early and are there early repayment charges?

Lifetime mortgages are not designed to be short-term borrowing. You can repay early, but some lenders may apply early repayment charges (ERCs). Andy will always explain these clearly so you understand how flexible your plan is.

Can I take out equity release if I live with my partner, spouse or family members?

Yes. A spouse or life partner aged 55 or over who is living with you permanently can be added to the plan, which protects their right to stay in the home. If a family member or guest is living with you, we simply need to make sure they’re aware of how the plan works, and that if you die or permanently leave the property, then they must leave it too.

Can I take the money as a lump sum or draw it down when I need it?

You can do either. Many clients take a smaller initial amount and keep the rest in a drawdown reserve. That way you only pay interest on what you actually use.

What Happens Next?

If you’re curious about how equity release could work for you, start by exploring our other pages on the topic - they’ll help you get a feel for the options and what to consider.

Then, when you’re ready, book a chat with Andy Wilson, our qualified and very experienced equity release specialist. Initial consultations are completely free of charge. There's no obligtion to proceed and our broker fee of £1,295 will only become payable if we proceed to a full application.

Andy will:

Explain your options clearly and honestly.
Recommend what’s right for you - or tell you if equity release isn’t suitable.
Explain the application process including when your property will be valued by the lender, the need for legal advice and timescales involved.

There will be no pressure. No jargon. Just straightforward advice from someone who genuinely wants you to make the right choice - for you, your family, and your future.

Equity Release Newsletter Download

You can access the latest Equity Release Newsletter download by filling out the form. We will publish the latest newsletter roughly twice-yearly.

Equity release includes lifetime mortgages and home reversion schemes. We can advise and arrange lifetime mortgages and will refer to an approved specialist for home reversion schemes.

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Contact Us

Contact Andy Wilson Financial Services directly or fill out your details and we will contact you as soon as we're available.

Call Us:

01522 590015

Mobile:

07966 513397

andy@andywilsonfs.co.uk

Book A Meeting with Andy

11 Boscombe Close, Lincoln, LN6 3TG

Equity release includes lifetime mortgages and home reversion schemes. We can advise and arrange lifetime mortgages and will refer to an approved specialist for home reversion schemes.

There may be a fee for lifetime mortgage advice. The precise amount will depend upon your circumstances but we estimate it will be £1,295.

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