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Equity release

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Equity release is a way of raising money against the value of your home. Equity release is a complex subject and it is vital to take independent financial advice before signing up to a scheme of this kind.

Older homeowners may be able to release part of the value of their home as income or a lump sum. For some people this can be a useful way of freeing up extra money but there may be drawbacks. Any money released may affect your eligibility for means-tested benefits.

We strongly recommend that you take independent legal and financial advice before deciding to release equity from your home.
 

Free benefit check

If you, or an older person you know needs advice, information or practical support on a wide range of issues including welfare benefits, community care, housing and health, contact the Age NI Advice Service on Freephone 0808 808 7575 to speak to a specialist advisor in confidence. Our advisors can provide a free benefit check to ensure that older people are accessing the benefits they are entitled to. 

Last year our Advice Service dealt with almost 14,000 calls from older people in need. Call the Age NI Advice Service today to make sure that you are receiving all the help and support available to you.

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Age NI Advice:
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Let's talk money 

Let's talk money publications

  • opens link in new window More money in your pocket booklet
    A guide to claiming benefits for people over pension age. (PDF 164KB)

    opens link in new window Pension Credit leaflet
    3 steps to find out if someone you know qualifies for Pension Credit. (PDF 105KB)


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      Most downloads on this website are PDFs. We use this format to ensure that the document looks the same on everyone’s computer (website pages, by contrast, appear differently depending on how people have got their computer set up).

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      How do I install Adobe Acrobat Reader?

      The process is quite straightforward and is free.

      1. Go to opens link in new window http://get.adobe.com/uk/reader/
      2. Click ‘Download’.
      3. Wait for the window to offer you the option to ‘Run’, then choose this option.
      4. Click ‘Next’.
      5. Click ‘Install’
      6. Wait for the window to offer you the option to ‘Finish’, then choose this option.

      How do I change a download?

      PDFs cannot be changed. If you need to be able to type into a downloaded document (for example, if we are offering a letter template that you need to put your name on) we will provide it as a Microsoft Word document rather than a PDF. You can then download it, type into it and save it to your computer.

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      • Tick the HTML box on the Format option and click ‘Convert’.


      You can convert a PDF document into a text file for use with other software and hardware such as Braille printers by opening the PDF and choosing ‘Save as text’ from the File menu.

      Age NI Advice:
      0808 808 7575
      Age NI staff

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