equity release
Equity Release Calculator

If your aged 55+? See how much you could release in one step.

Why choose Equity Released 2u

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Release equity in 4 simple steps

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Calculate how much you can release

Are you aged 55 or over? If you are, all you have to do is fill out our simple five step form and then you will instantly see how much equity you could release. It's that simple.

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What is Equity Release?

It is where homeowners aged 55 and over, can withdraw equity tied up in their homes. This equity (money) can be used for things like home improvements, a new car or even a holiday of a lifetime. Due to the equity being tax-free, it has become a popular avenue for homeowners; especially as they retain the right to live in their home despite accessing the scheme.

Equity Release London Mortgages usually have the following common factors:

  • Minimum age for equity release mortgages is 55
  • Receive a guaranteed tax-free cash sum
  • You continue to own and live in your home for as long as you wish
  • Have the freedom to move to a suitable property should you wish to do so in the future, and transfer your equity release plan to your new home. Please note, this is subject to approval by the lender.
  • Your estate will not be liable for any debt beyond the property value regardless of future house prices

Today, equity released has evolved into a financial tool for many in retirement. However, equity release mortgages are not suitable for everyone. Therefore, careful consideration should be given to the alternatives to equity release first. In addition, the value of your estate and therefore any inheritance you leave may be reduced, and people who claim State Benefits can have their entitlement affected by taking out a mortgage of this kind.

However, we offer a free, no obligation initial consultation so that you can find out how much cash you could release and which plan would be suitable for you. The fee is only payable when you receive your cash and is a maximum of £995. Alternatively, as we are independent, you can choose to pay a fee, typically 1.5% of the amount released (i.e. £750 if releasing £50,000) and we will pass on any commission we receive from the lender.

Why not check out our equity release calculator and find out how much cash you could release from your home.

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Equity Release FAQs

What is a lifetime mortgage?

A lifetime mortgages as known as equity release, allows you to access part of the equity that is tied up in your house. Despite containing the word mortgage, you don’t have any monthly payments. They way that a lifetime mortgage works, is that once you (and your partner if it’s a joint lifetime mortgage) pass away, the loan and interest will be paid in full by the sale of the house.

Equity release interest rates

Equity Released 2U are independent, we have access to over 80 The Right Equity Release advisors across the UK. This allows use to compare the entire market to find you the best lifetime mortgage, with the best interest rates.

To find out more about the interest fees and how much equity you could release, check out our free equity release calculator

Can I get equity release?

Equity release is available to people or couples where the youngest person is aged 55 or over. There are various factors that will affect how much equity you can release such as: your age, the value of your property, the amount of equity that is in your property and the type of property that you own. Your application could also be affected by health conditions.

If you have any concerns or questions about equity release, please feel free to call one of our team on: 020 8462 3464

How long does it take to release equity from my home?

A typical lifetime mortgage application takes around four to six weeks. This is from the application stage right through to completion, when you receive your tax free lump sum. It can take longer and your choice of solicitor is crucial to help speed up the process.

How much money could I release?

The amount of equity that you can release depends on your age, property value and the type of equity release scheme you choose. As an example, interest only lifetime mortgages will usually let you receive up to 75% of the property value.

To find out more call contact us