You and your partner must be aged 55 or more. Your property must be worth at least £60,000 and you must be able to clear any outstanding mortgage or loan secured on the property from the funds released by the equity release plan. We can confirm whether you qualify for equity release by completing our short enquiry form, and following your enquiry up with a telephone call.
We will tell you more about equity release and if it is suitable for your circumstances. One of the Right Equity Release Advisors can also provide you with a free, no-obligation quotation, researching the whole of the market to find the plan that best suits your requirements – only then can you make an informed decision on whether best equity release is the right option for you. We always encourage you to discuss your plans for equity release with your family.
If you choose to proceed, we will help you complete your application forms for your chosen plan and a suitably qualified valuer who is independent of the equity release schemes provider is instructed to ascertain the value of your property and ensure it meets their criteria. A formal offer is made by the lender or reversion provider and your solicitors are instructed to start work.
Approximately 4 to 6 weeks after applying, you will receive your funds from your solicitor to enjoy in any way you wish. It could take longer than this is some circumstances.
To find out if equity release is the right option for you, contact our specialist best equity release advisers on 0800 773 4849 or 0208 789 2862
Why not try our equity release calculator and see how much you could release.
Request a comprehensive guide to best equity release schemes just complete the short form to the right of the page.