The Two Main Types of Equity Release
1. Lifetime Mortgage A lifetime mortgage is the most common form of equity release. It allows you to take out a loan secured against your home, while still retaining full ownership. The amount you can release depends on your age and the value of your property. You may have the option to release additional funds in the future. Some plans allow you to ring-fence a portion of your property’s value to leave as an inheritance. The loan is typically repaid when you pass away or move into long-term care. You can choose how the interest is managed: Make regular payments (subject to affordability), or Allow the interest to roll up over time. Many providers offer: Free property valuations Incentives such as cashback to help with legal costs As this is an advised process, I will guide you through the entire journey—researching the market and recommending the most suitable option based on your personal circumstances.
Frequently Asked Questions
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