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Equity release is a way of raising money against the value of your home. It is vital to take independent financial advice before signing up to a scheme, to make sure you consider all the possibilities and implications.
Our guide Equity release has information to help you decide whether equity release is right for you. It explains different types of equity release, how to avoid risk, and how to get legal and financial advice before signing up.
Download the guide now to find out more.
You may have started to think about how you will manage financially in the future. If you own your home and have little or no mortgage, you may be considering equity release as a way to boost your finances.
You borrow money against the value of your home, but pay nothing back until your home is sold – either after your death or if you go into a care home.
Equity release is a big decision and might not be the best or only solution. Start by thinking about other ways to raise money – perhaps by moving to a smaller property or checking you’re claiming all the benefits you’re entitled to.
Ask yourself important questions:
Most importantly, take independent legal and financial advice before deciding to release equity from your home.
Our Equity release information guide has more information, including different types of equity release plan and how to avoid risk when choosing one.
Our Equity release factsheet provides even more detailed information.
You can also use our online benefits calculator to help you find out whether you’re claiming all the benefits you’re entitled to.
Download the guide Equity release (PDF 632 KB)
Age UK has launched the more money in your pocket campaign - to help us claim all the money we are owed. Last year‚ Age UK helped put more than £100 million in unclaimed benefits in the pockets of those of us in later life and our carers. Help us to do better this year.
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