Equity Release in Liverpool

Equity Release In Liverpool | December 2023

Equity release is becoming more popular among homeowners in Liverpool, especially older homeowners. With the help of a financial plan, homeowners can increase their home’s value while still living there. 

Equity release in Liverpool is a practical option for those looking to supplement their retirement income or finance sizable expenses.

Table of Contents

Understanding Equity Release

Equity release is a financial product that enables homeowners to release the equity or money encumbered by their real estate. A lifetime mortgage, the most popular form of equity release, can accomplish this. 

A lifetime mortgage is a loan secured by the value of your home and repaid, along with rolled-up interest, when you pass away or enter long-term care. The guarantee against negative equity is what makes lifetime mortgages appealing. 

This guarantees that no matter how the housing market changes, you’ll never owe more than the value of your home. Since the interest rates on these loans are frequently fixed, future costs are known in advance. 

Another choice is to use a home reversion plan to release equity. This entails selling some or all of your home to a company offering a home reversion plan in exchange for a one-time or ongoing payment. 

With this plan, you can remain a rent-free resident of your home until you emigrate or pass away.

Types of Equity Release Schemes

Liverpool offers two equity release programmes: lifetime mortgages and home reversion plans. With a lifetime mortgage, you can borrow money against the value of your house while keeping ownership. 

Most lifetime mortgages have a provision known as a no-negative equity guarantee, which guarantees that you will never be required to pay back more than the value of your home. 

On the other hand, home reversion plans entail selling all or a portion of your property to a provider. You are granted the right to live in your home for the rest of your life along with a lump sum or regular tax-free payments. You must, however, keep it up and secure insurance. 

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Try Age Partnership’s equity release calculator and estimate how much money you could release from your property

If you take out a product from Age Partnership, we will receive a fee for introducing you to them. This helps support the site and for us to produce more content.

Criteria for Equity Release in Liverpool

In Liverpool, there are a few requirements for releasing equity. You must be 55 or older, be the property owner, and keep it in reasonably good repair condition. Your age, health, and the market value of your property all affect how much equity you can release. 

It’s imperative to consult a professional equity release advisor before choosing. 

An equity release advisor can help you with the process, walk you through the legal considerations, and explain the financial ramifications, such as how they may affect your tax situation and any means-tested benefits.

Equity Release in Liverpool

Some of the best equity release interest rates as at December 2023

The table below shows you some of the best equity release rates, as at December 2023, for lifetime mortgages, from some of the leading equity release providers in the UK. 

These rates may have changed since this table was updated and should be taken as indicative only. There may also be other providers not listed on this table that could offer better deals.  In addition, the providers and products noted below may not be right for your particular circumstances. Therefore, we strongly recommend that you speak to an equity release adviser, who will be able to provide you with information on the latest rates, that are applicable to you.


Product NameInterest RateType of productOffers
Just For You – J2.56.22%FixedFree ValuationNo application fee
Just For You – J16.30%FixedFree ValuationNo application fee
Premier Flexible Pearl6.43%FixedFree Valuation
Premier Optional Payment Pearl6.43%FixedFree Valuation
Horizon 240 Drawdown6.43%FixedFree Valuation
Classic Drawdown Super Lite 26.47%FixedFree Valuation
Horizon 260 Drawdown6.47%FixedFree Valuation
Classic Elite Drawdown Super Lite 26.47%FixedFree Valuation
Premier Flexible Pearl6.48%FixedFree Valuation
Premier Optional Payment Pearl6.48%FixedFree Valuation
Horizon 240 Drawdown Fee Free6.49%FixedFree ValuationNo application fee
Classic Drawdown Super Lite 16.52%FixedFree ValuationNo application fee
Premier Flexible Pearl6.52%FixedFree Valuation
Premier Optional Payment Pearl6.52%FixedFree Valuation
Classic Elite Drawdown Super Lite 16.52%FixedFree ValuationNo application fee
Flexible Pearl6.53%FixedFree Valuation
Optional Payment Pearl6.53%FixedFree Valuation
Enhanced Lifestyle Flexible Option6.53%FixedFree ValuationNo application fee
Horizon 260 Drawdown Fee Free6.55%FixedFree ValuationNo application fee

The equity release rates have been sourced from Equity Release Supermarket. These indicative rates and incentives may have changed since this article was last updated. Therefore, they should only be taken as a guide and we cannot guarantee their current accuracy. Please also note that we do not provide advice on or endorse any particular product listed here. The rate you are offered will depend on your individual circumstances and subject to lender approval. We recommend that you speak to an equity release advisor to see what the best options are for you.

If you take out a product with Age Partnership, we will receive a fee for introducing you to them. By contacting Age Partnership through us, the cost of any equity release product would be the same as if you had contacted them directly.  The fee we received is used to help keep our site operational and to produce new content.  

Advantages of Equity Release 

Equity release has many advantages, including the availability of tax-free money. You have the choice of a lump sum or ongoing payments. Unless you select a plan that mandates them, there are no monthly payments to be concerned about, and you can keep living in your house.

The flexibility that equity release provides is one of its key benefits. The tax-free money can be used for anything, including vacations, home renovations, gifts for loved ones, and pension supplementation. 

Potential Risks of Equity Release 

Equity release has advantages, but it also carries a significant financial risk. These include early repayment fees that may impact your ability to file taxes and qualify for government assistance.

Furthermore, because you are using the equity in your home, your estate will be worth less, and your beneficiaries will receive less of your estate. Therefore, you must consult with your family and seek objective financial advice before moving forward.

Legal Aspects of Equity Release

Equity release is governed by the Financial Conduct Authority, which ensures providers follow strict client safety guidelines. High standards of behaviour are also set for members of the Equity Release Council, a trade organisation for the sector.

You must seek independent legal counsel before signing any equity release agreement. The legal advisor will explain the terms and conditions, including their effect on your estate and any potential early repayment penalties.

Finding Equity Release Advisers in Liverpool

Liverpool has licenced advisors who can give you specialised advice on equity release. You can get consultation services from businesses like Age Partnership and Responsible Life Limited to determine if releasing equity benefits you. 

Selecting an advisor who represents a company that the Financial Conduct Authority regulates and who is registered with the Financial Services Register is essential.

Alternatives to Equity Release

Keep in mind that equity release isn’t your only choice. Other options include downsizing to a smaller home, renting out a space in your house, or asking family members for assistance. 

Before making a choice, it’s essential to consider all your options, weigh the advice fees involved, and consult an impartial financial advisor.

Equity Release Cost and Repayment

A few costs are associated with an equity release plan. An advice fee for the financial advisor, a valuation fee for determining the value of your home, and a legal fee for independent legal advice are all possible expenses associated with equity release. 

Some plans may impose early repayment fees if you repay the loan earlier than anticipated.

Most equity release loans don’t require monthly payments when it comes to repayment. Instead, when the house is sold—typically after you pass away or enter long-term care—the loan and rolled-up interest are paid back. 

Some programmes, however, allow you to manage the remaining balance by making monthly payments. When you take out an equity release plan, you must pay off any existing mortgages or loans secured against your home, either with the initial lump sum you receive or with other savings.

Equity Release Providers in Liverpool

Liverpool’s equity release market has several providers, including well-known companies like Age Partnership and Responsible Life Limited. These suppliers provide various equity-release products, each with unique features and advantages.

Consulting an equity release adviser is essential before choosing a provider. They can aid in your comprehension of and comparison of the various equity release providers’ offerings. 

Additionally, ensure the Financial Conduct Authority and a member of the Equity Release Council regulate the provider.

Navigating Equity Release with Expert Advice

An equity release adviser will significantly influence your journey towards equity release. 

Their responsibility is to give you unbiased financial advice customised to your situation, assisting you in understanding how much equity you can release, the effects on your tax situation, and any means-tested benefits.

Expert equity release advice is available in Liverpool from financial advisors like those at StepChange Financial Solutions. They can help you through it, answer your questions, and make sure you choose wisely.

Exploring the Equity Release Calculator

An equity release calculator is a handy tool to estimate how much money you could release from your home. The calculator will consider your age, the value of your property, and the kind of equity release product you’re interested in.

Remember that the equity release calculator’s result is only an estimate. A qualified advisor should always be consulted for a more precise estimate and expert advice.

About Liverpool

In the North West of England, in the county of Merseyside, is Liverpool, a thriving city in the United Kingdom. Liverpool is a city of contrasts, known for its extensive history and cultural diversity. Liverpool’s area code is 0151, and its central postcode districts are L1, L2, and L3.

Liverpool, known for being The Beatles’ birthplace, is rich in music, art, and architecture. Its waterfront is a UNESCO World Heritage Site, and the iconic Liver Building dominates it. 

The city’s wealth in culture is reflected by its numerous museums and galleries, including the Tate Liverpool and the Museum of Liverpool.

Liverpool, home to two Premier League teams, Liverpool FC and Everton FC, is well known for its vibrant football culture. The city’s passion for football is evident from the electrifying atmosphere that permeates Anfield and Goodison Park on game days.

The economic climate in Liverpool is also noteworthy. It is a significant port for trade and migration, and over the past few years, it has experienced rapid growth in industries like real estate, tourism, and digital services.

The residents of Liverpool, referred to as “Scousers,” are renowned for their distinctive accents and outgoing personalities. The unique slang of the city, known as “Scouse,” adds to Liverpool’s charm and character.

Local Areas Where Equity Release Can Be Provided

Here is a list of local areas and boroughs where equity release services can be provided.

1) Aigburth

2) Allerton

3) Anfield

4) Belle Vale

5) Broadgreen

6) Childwall

7) Chinatown

8) Clubmoor

9) Croxteth

10) Dingle

11) Edge Hill

12) Everton

13) Fairfield

14) Fazakerley

15) Garston

16) Gateacre

17) Grassendale

18) Hunt’s Cross

19) Kirkdale

20) Knotty Ash

21) Mossley Hill

22) Norris Green

23) Old Swan

24) Orrell Park

25) Speke

26) St Michael’s Hamlet

27) Toxteth

28) Vauxhall

29) Walton

30) Wavertree

31) West Derby

32) Woolton

33) Aintree

34) Bebington

35) Birkenhead

36) Bootle

37) Crosby

38) Formby

39) Heswall

40) Hoylake

41) Huyton

42) Kirkby

43) Maghull

44) Prescot

45) Rainhill

46) Southport

47) St Helens

48) Wallasey

49) Widnes

50) Wirral.

Try Age Partnership’s equity release calculator and estimate how much money you could release from your property

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Meet the author

Jane Parkinson

Jane Parkinson

Jane is one of our primary content writers and specialises in elder care. She has a degree in English language and literature from Manchester University and has been writing and reviewing products for a number of years.

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Most advisors charge for their service.  But you can get fee-free equity release advice from Boon Brokers. 

Call : 0333 567 1812



If you take out a product from Boon Brokers, we will receive a fee for introducing you to them.

Unlike most equity release advisors, Boon Brokers do not charge any fees! Have a free consultation to see how they can help.

You can speak to Boon Brokers on the number below and discuss your options.

0333 567 1812

Use the equity release calculator and see how much money you could receive.

You can book a callback from an equity release specialist, who can call you when it's conveniant.

All equity release advice is provided by Boon Brokers Limited, which is authorised and regulated by the Financial Conduct Authority (FCA). The Financial Services Register number is 973757. 


If you take out a product with Boon Brokers, we will receive a fee for introducing you to them. Boon Brokers provides advice for free and without obligation.  By contacting Boon Brokers through us, the cost of any equity release product would be the same as if you had contacted them directly.  

The fee we receive is used to help keep this site operational and to produce new content.  


Think carefully before securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

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