Is equity release safe?

Is Equity Release Safe In The UK | April 2024

The question “Is equity release safe?” is a common query among homeowners, particularly those over 55 years old.

Equity release schemes offer a way for homeowners, especially those over 55, to access the value tied up in their homes without the need to sell or move out. These schemes come with various protections, such as the “no negative equity guarantee,” and are regulated by bodies like the Financial Conduct Authority (FCA) and the Equity Release Council, ensuring fairness and security for homeowners. The article will help you do the following:

  • Understand the importance of considering equity release as a financial option in retirement.
  • Learn about the key safeguards and regulatory measures in place to protect homeowners.
  • Discover the main types of equity release plans available and their features.
  • Recognise the benefits of consulting with a financial adviser specialising in equity release.
  • Consider actions to take post-reading, such as using an equity release calculator or consulting with a professional adviser for personalised advice.

Key Takeaways & Learnings From This Page on the safety of equity release

Here are 7 key takeaways from this article:

  1. Equity release can provide a significant financial boost in retirement by allowing homeowners to access the value tied up in their property.
  2. It is essential to understand the different types of equity release schemes available, such as lifetime mortgages and home reversion plans, to choose the one that best suits your needs.
  3. Regulatory bodies like the FCA and the Equity Release Council ensure that equity release schemes are safe and transparent, offering protections like the “no negative equity guarantee.”
  4. Seeking professional advice from a financial adviser specialising in equity release is crucial to understand the potential impacts on your financial situation and inheritance.
  5. Using an equity release calculator can give you a preliminary idea of how much you might be able to release from your property.
  6. It’s important to consider the long-term implications of equity release, including the impact on inheritance and means-tested benefits.
  7. Before proceeding with equity release, explore alternatives such as downsizing, using savings or investments, or taking out a different type of loan.

Topics that you will find covered on this page

Is Equity Release Safe?

Is equity release safe is a question that many homeowners over 55 will ask before they take on an equity release product.

When it comes to safety and protection, the industry has seen significant advancements in safety and regulation, overseen by authoritative bodies such as the Financial Conduct Authority (FCA) and the Equity Release Council. 

These entities ensure equity release schemes are designed with transparency, fairness, and the homeowner’s security as priorities.

A key safeguard is the “no negative equity guarantee,”, which assures that the debt will never surpass the home’s value, thus protecting the borrower’s estate from unforeseen financial burdens.

In addition, the need for independent legal advice before concluding an equity release agreement acts as an additional layer of security.

While these measures offer considerable protection, it remains essential for individuals to think about their own situation. 

Seeking advice from a financial adviser specialising in equity release can offer crucial insights, aiding in determining if it aligns as a safe and appropriate financial avenue. 

The rest of this article looks at some of these issues in more detail.

Before we begin, here is a video about “Is equity release safe”.

What Is Equity Release

Equity release is a financial scheme that allows homeowners, typically over 55, to unlock the cash value tied up in their home. It provides a chance to boost retirement income without selling or leaving your property. However, it is crucial to seek the right equity release advice before making a decision.

Many providers of equity release offer different plans, each with its terms and conditions. In the UK, the equity release market is growing, with more people considering this option to fund their retirement.

However, it’s essential to remember that releasing equity from your property is a long-term commitment and should not be made carelessly.

A significant sum, a consistent income, or both can be offered via an equity release plan. The money is released as a tax free lump sum and can be used for any purpose. However, the amount you can borrow is dependent upon your home’s value, age, and health.

While equity release benefits can seem attractive, it’s crucial to understand the costs involved.

One example of this is retirement interest. This includes interest rates, arranging costs, and charges for early repayment. It’s also important to consider the impact of an equity release loan on means tested benefits and potential inheritance.

Releasing equity from your home can offer a financial lifeline during retirement.

How to Protect Yourself When Taking Out Equity Release

To mitigate the risks associated with equity release, it’s crucial to seek professional advice. An equity release adviser can give a full assessment of your circumstances, recommending the most suitable product.

For those thinking about  how to release equity, it’s essential to understand the associated risks and benefits.

Additional peace of mind may result from choosing a plan from a member of the Equity Release Council. These financial advisers must adhere to a strict code of conduct, including the provision of a no negative equity guarantee.

If you’re concerned about the impact on your inheritance, some plans offer an inheritance protection guarantee. This enables you to set aside a portion of the value of your home for the benefit of your loved ones.

Remember, it’s essential to discuss your plans with your family. It is important to remember that releasing equity can affect the value of your estate and the amount of inheritance you can leave.

Safety of Equity Release Schemes

Equity release schemes in the UK are underpinned by a robust regulatory framework designed to protect consumers. This section looks into the key protections in place.

Understanding how safe is equity release involves looking at regulatory safeguards and industry standards.

1 – Regulatory Bodies and Their Roles

The equity release market is regulated by the Financial Conduct Authority (FCA). They ensure that all equity release products and services are fair, transparent, and designed with the consumer’s best interests in mind. 

The FCA’s oversight means that providers must adhere to strict guidelines, which include clear communication of terms and the risks involved.

2 – The Equity Release Council

The Equity Release Council (ERC) plays a crucial role in the industry by setting high standards for its members, which include equity release providers and advisers. One of the key protections offered by ERC members is the “no negative equity guarantee.” 

This guarantee ensures that you will never owe more than the value of your home, protecting you and your estate from falling into negative equity.

3 – Consumer Protections 

In addition to regulatory oversight, consumers are protected by mandatory independent legal advice before finalising an equity release plan. 

This ensures that all individuals entering into an equity release agreement fully understand the terms and implications of their decision. Furthermore, plans that comply with ERC standards allow for a clear and transparent process, with no hidden fees or penalties.

is equity release safe

Types of Equity Release Plans

Understanding the different equity release plans is crucial for homeowners considering this financial option. 

There are 2 main options for you to consider.

1 – Lifetime Mortgages

A lifetime mortgage is a loan secured against your home while you retain ownership. You can let the interest roll-up or make payments to control the final amount owed. 

The loan and any accrued interest are repaid from the sale of your home when you pass away or move into permanent care. This option is popular due to its flexibility and the fact that you can still benefit from any increase in property value.

2 – Home Reversion Plans

Home reversion involves selling a part or all of your property to a reversion company in exchange for a lump sum or regular payments while retaining the right to live in your home, rent-free, for the rest of your life. 

This option can offer peace of mind to those who want to secure their living situation without ongoing financial obligations. However, it usually means receiving less than the market value for the sold share of your home.

By comparing these plans, you can better understand which option might suit their needs, considering factors like how much money you need now, your plans for inheritance, and your comfort with accruing debt versus selling a portion of your home.Using an Equity Release Calculator

An equity release calculator helps homeowners think about taking money out of their home’s value. 

They can quickly see how much money they might get by entering simple details like how old they are and how much their house is worth. This is useful for planning their retirement money or improving their home. 

It also helps them know what to expect and talk more clearly with financial advisors, making good decisions based on what they could get.

How Much Can You Get?

The amount you can get from equity release depends on several factors, including your age, the value of your property, and the specific plan you choose. 

For a lifetime mortgage, which is the most common type of equity release, you can usually borrow somewhere between 20% to 50% of your property’s value.

However, some providers may offer more under certain conditions, especially if you are older or have health issues that could shorten your life expectancy

Usually the older you are, the more you can release, as lenders and equity release providers consider older applicants less risky due to the shorter expected loan term. 

For most equity release schemes, the minimum age is 55, but the amount you can borrow generally increases with age.

It’s important to use an equity release calculator or consult with a financial adviser to get a precise estimate based on your specific circumstances. Remember, the exact amount will vary by lender and the equity release product you select.

Equity Release Calculator

Using an equity release calculator helps homeowners think about taking money out of their home’s value.

By entering simple details like how old they are and how much their house is worth, they can quickly see how much money they might get. This is useful for planning their money for retirement or making their home better. It also helps them know what to expect and talk more clearly with financial advisors, making sure they make good decisions based on what they could get.

You can use the calculator below to estimate how much you might be able to get.

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.

Financial Implications and Costs of Equity Release

Equity release involves various costs and financial implications that are crucial for homeowners to understand before proceeding.

1 – Interest Rates and Their Accumulation

Lifetime mortgages are the most common form of equity release.

They typically have fixed interest rates. However, if the interest is not paid monthly, it compounds over time, increasing the total amount owed. 

It’s important to understand how this compounding interest can affect the final amount that will need to be repaid. This is why we always recommend that you speak to an equity release adviser.

2 – Fees Associated with Equity Release

Setting up an equity release plan involves several fees, including arrangement fees, valuation fees, and legal fees. However, depending on the equity release company that you use, you may be able to get some of these costs either discounted or even at no cost

Additionally, advice fees may be charged by the adviser, which can range from £1,000 to £5,000, who facilitates the equity release process. 

Homeowners should be aware of these costs upfront to accurately assess the financial viability of equity release.

3 – Impact on Inheritance

Equity release reduces the value of your estate, affecting the amount of inheritance you can leave to your beneficiaries.

This is a significant consideration for many homeowners, as the equity tied up in the home is often considered a legacy for future generations.

4 – Effects on Means-Tested Benefits

A lump sum or additional income through equity release can impact eligibility for means-tested benefits. Homeowners should carefully consider how the extra funds from equity release might affect their entitlement to benefits such as Pension Credit or Council Tax Support.

Some of the Best Equity Release Interest Rates as of 28 March 2024

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

Provider NameProduct NameInterest RateType of productOffers
JustJust For You – J1 Green5.35%FixedFree Valuation
No application fee
Standard LifeHorizon 200 Drawdown5.37%FixedFree Valuation
Standard LifeHorizon 220 Drawdown5.38%FixedFree Valuation
JustJust For You – J2 Green5.40%FixedFree Valuation
No application fee
Standard LifeHorizon 240 Drawdown5.40%FixedFree Valuation
Standard LifeHorizon 200 Drawdown Fee Free5.41%FixedFree Valuation
No application fee
JustJust For You – J15.45%FixedFree Valuation
No application fee
Standard LifeHorizon 240 Drawdown Fee Free5.45%FixedFree Valuation
No application fee
Standard LifeHorizon 260 Drawdown5.45%FixedFree Valuation
Scottish WidowsFR15.50%FixedCashback
Free Valuation
No application fee

The equity release rates have been sourced by UK Care Guide from the Equity Release Supermarket website. These rates may have changed since this table was created and should be taken as indicative only. There may be other providers not listed on this table that could offer better deals.  In addition, the providers and products noted may not be right for your particular circumstances.  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. 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 apply to you.

Speak To An Equity Release Specialist Today

Call Boon Brokers on 0333 567 1607 to discuss your equity release requirements and see what deals are available to you.

Understanding Your Existing Mortgage and Equity Release

If you have an existing mortgage on your property, discussing this with your financial adviser when considering equity release is essential. In most cases, you’ll need to pay off any existing mortgage with the money you release. Alternatively, some equity release schemes allow you to keep your current mortgage.

It’s also worth noting that if you choose to release equity from your home, you’ll still be in charge of looking after the property. This can include costs like home insurance, repairs, and improvements. Therefore, this should be factored into your financial planning.

Research on How Equity Release is Helping Retirees

A study conducted by the UK Care Guide in March 2024 found that many retirees are turning their attention to equity release as a financial strategy to support their retirement years.

The survey polled 1,803 individuals aged 55 and older, showing that 40% are contemplating equity release to increase their retirement income. This indicates a shift in perception, recognising home equity as a valuable resource in financial retirement planning.

Despite the growing interest, the study also highlighted prevalent concerns among retirees, especially regarding the costs associated with equity release. 42% of respondents cited interest rates as a major concern.

This underscores a critical need for clarity and detailed information on the financial aspects of equity release schemes.

Saq Hussain, a financial expert from the UK Care Guide, reflected on the findings, stating, “The March 2024 survey clearly shows a trend towards considering equity release among retirees, alongside a significant need for education regarding its financial implications.” 

how homeowners are using equity release to pay down their mortgage in 2024

The article from FTAdviser.com, written by Tom Dunstan on 28th February 2024, shows that people mainly choose to release home equity to clear their existing mortgages.

Research done by Canada Life shows that 41% of individuals opt for equity release for this purpose, which is higher than other reasons like home improvements (28%), going on holidays (20%), managing day-to-day living expenses (17%), and consolidating unsecured debts (16%).

Sadna Zaman, Canada Life’s proposition development manager, commented on the range of reasons behind equity release, emphasising its usefulness for homeowners to support their retirement lifestyle and manage financial pressures, especially given the rising cost of living.

The percentage of customers using equity release for mortgage repayments dropped from 49% in 2022 to 41% in 2023, and those using it for home improvements fell from 32% to 28% over the same period.

Additionally, fewer people took out equity to cover daily living costs, decreasing from 20% in 2022 to 17% in 2023.

From the UK Care Guide perspective, Saq Hussain, Finance Editor, reflects on the implications of the research for 2024: “This trend towards using equity release primarily for clearing mortgages underscores the critical role of financial planning in retirement. Individuals need to understand the long-term implications of taking out equity release. The decrease in the use of equity release for day-to-day expenses and home improvements highlights a more cautious approach amidst economic uncertainties, particularly with the cost of living crisis still ongoing.

Looking ahead, the UK Care Guide will continue to educate and guide homeowners on the benefits and considerations of equity release to ensure they make choices that best suit their retirement and later-life needs.”

Potential Risks in Releasing Equity

While equity release can provide a much-needed cash boost in retirement, it’s not without risks. A key example of these risks is that the value of your estate may be lowered, potentially leaving less for your loved ones to inherit.

Another risk is the potential impact on your entitlement to means tested benefits. It is possible that your ability to save money and your eligibility for certain benefits may be impacted by releasing equity.

Releasing equity involves careful consideration of potential risks and benefits.

It’s crucial to take the effect of interest rates into account. Whilst most equity release schemes offer fixed interest rates, the total amount to repay can still grow quickly if the interest is rolled up over the years.

Equity release reviews often highlight the importance of understanding legal protections and implications.

Remember, equity release is a lifetime commitment. Therefore, it is vital to consider the potential impact of early repayment charges and retirement interest if you decide to repay the loan early. The decision of releasing equity should not be taken lightly due to its long-term implications

Impact on Inheritance and Means-Tested Benefits

Equity release can have significant implications for your financial landscape, particularly concerning inheritance and eligibility for means-tested benefits.

1 – Effect on Inheritance

Equity release reduces the amount of money you can leave behind to your family and heirs as an inheritance. 

When you release equity from your home, the amount you owe will increase over time, especially if you choose a plan where interest rolls up. This means there will be less equity left in your property to pass on to your loved ones after the equity release loan is repaid from the sale of your home.

2 – Interaction with Means-Tested Benefits

Releasing equity from your home can also impact your eligibility for means-tested benefits. The cash you receive might increase your savings to a level that exceeds the threshold for certain benefits, such as Pension Credit or Council Tax Support. It’s important to assess how the additional income from equity release might affect your entitlement to these benefits.

By understanding these implications, you can make a more informed decision about whether equity release is the right option for you, considering both your current financial needs and your wishes for your estate after you pass away.

how does equity release work

Alternatives to Equity Release

Looking at alternatives to equity release is essential for homeowners, as it will help you make informed decisions about accessing the equity in your home.

We have noted 3 of the main options to consider below.

1 – Downsizing

Downsizing involves selling your current home and moving (usually) to a smaller, less expensive property. 

This option can help you free up a significant amount of cash, while also potentially helping you to reduce ongoing living costs. 

It’s a straightforward way to access your home’s equity without taking on debt.

2 – Using Savings or Investments

Before considering equity release, look at how much you have in your savings and investments. Whilst this option wont be available to everyone, it will be to some.

Liquidating or drawing down on these resources might provide the funds you need without affecting your home equity. This approach helps to preserve the value of your home for future inheritance.

3 – Taking Out a Different Type of Loan

For those who need access to funds but want to explore options beyond equity release, personal loans or remortgaging might offer a solution. 

These alternatives may provide the necessary funds with potentially lower interest rates and without the need to sell a portion of your home’s equity.

By considering these alternatives, homeowners can assess the most suitable option for their financial situation and long-term goals, ensuring they choose the path that best aligns with their needs and preferences for their property and estate.

Equity Release and Inheritance Tax

One of the major concerns people have when considering equity release is the impact on inheritance tax. The value of your estate decreases when you release equity, potentially reducing the amount of inheritance tax your heirs will have to pay.

However, this is a complex area and depends on many factors, including the size of your estate and the current inheritance tax threshold. Therefore, it’s important to get financial advice to fully understand the potential impacts.

Whilst equity release can help you out financially in retirement, it’s important to consider that it’s not always the best option for everyone. Make sure to evaluate all your options and get professional advice before making a decision.

Seeking Professional Advice on Equity Release

When thinking about equity release benefits, it is important to get qualified advice. A qualified equity release adviser can explain the different plans available and help you to understand the costs and risks involved. 

Seeking professional equity release advice is a critical step before making any decisions.

Therefore, they are able to advise on the most suitable product based on your needs and circumstances.

Talking about your plans with your family is another important step. This is because the decision to release equity can impact your financial future and the potential inheritance for your loved ones.

Remember, it’s your home and your future. Make sure you have all the knowledge and guidance you need to make the correct decision.

Obtaining an equity release quote is a crucial first step in exploring your options.

In the UK, organisations like the Equity Release Council and Age Partnership provide a wealth of resources and advice for those considering equity release. They can help you to understand if equity release is a good idea for you, whilst also helping you through the process.

Before proceeding, reading through various equity release reviews can provide valuable insights into different experiences. The importance of obtaining equity release advice cannot be overstated for homeowners considering this option.

Our Final Thoughts

Equity release presents a valuable option for homeowners over 55 to supplement their retirement income by unlocking the value of their homes. 

However, it’s a decision that requires careful consideration due to its long-term implications, especially regarding inheritance and eligibility for means-tested benefits. 

We recommend:

  1. Consulting with a professional adviser – A specialist can provide tailored advice based on your financial situation and help you navigate the complexities of equity release.
  2. Understanding the types of plans – Familiarise yourself with the differences between lifetime mortgages and home reversion plans to determine which might suit your needs better.
  3. Considering the impact on your estate – Equity release reduces the value of your estate, which could affect the inheritance you plan to leave behind.
  4. Exploring alternatives – Before deciding on equity release, consider other options like downsizing or using other assets, which might offer a more suitable solution for your financial needs.
  5. Using tools and resources – Utilise equity release calculators and seek advice from organisations like the Equity Release Council to make an informed decision.

Equity release can offer a route to financial freedom in retirement, or the run-up to retirement, but it’s essential to proceed with a clear understanding of the benefits and risks involved.

Speak To An Equity Release Advisor Or Use the Equity Release Calculator Below To Estimate How Much You Can Borrow

The UK Care Guide works in partnership with Boon Brokers, one of the UKs leading equity release specialists.

You can contact them on 0333 567 1607 , or use the equity release calculator to estimate how much you can borrow.

Here is what Boon Brokers Offer

Whole of market access
Over a decade of experience
Great customer service

5 star client testimonials, on Trustpilot, about Boon Broker’s support and hands-on service

Call Boon Brokers on 0333 567 1607 to discuss your equity release requirements.

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All equity release and mortgage 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.

Meet the author

Saq Hussain

Saq is a financial expert and is responsible for the day-to-day running of the UK Care Guide website. Before taking on the operation of this site, Saq was a Director and the UK Head of DC Pensions, Benefits and Wellbeing at PwC. Saq is also a part of the steering group at the Living Wage Foundation, which has developed the UK’s National Living Pension standard.

Saq has regularly featured in the press, with examples including:

UK Care Guide is really proud to have been featured on some of the UK’s leading websites

FAQ

Is equity release a good idea?

Equity release can be a good idea for some people, but it isn’t suitable for everyone. It can give you a big sum that is tax-free, or an ongoing source of income to top off your retirement funds. However, it’s important to consider the long-term implications. 

Equity release reduces the value of your estate and can affect your eligibility for means-tested benefits. It’s also a long-term commitment, and the cost of repaying the equity release could be higher than the initial loan due to the compounding of interest. Before choosing whether equity release is suitable for you, always consult with financial advisors.

How does equity release work?

Equity release works by allowing homeowners aged 55 or over to unlock some of the value in their property without having to move. There are two main types: lifetime mortgages and home reversion plans. 

A lifetime mortgage involves taking out a loan secured on your home. You can choose either to make repayments, or let the interest roll up. When you pass away or enter long-term care, the loan balance and any accumulated interest are returned. Alternatively, home reversion involves selling a part or all of your home while retaining the right to live in it rent-free.

What does the Financial Conduct Authority (FCA) do?

The Financial Conduct Authority (FCA) is a regulatory body in the UK that oversees the financial markets to ensure they work well for consumers. In terms of equity release, the FCA ensures that all equity release providers and advisers are regulated and adhere to strict standards of conduct. To do this, it is vital to clearly demonstrate what the costs and dangers of equity release schemes are.

What are the costs associated with equity release?

Depending on the plan type you select and the provider, equity release expenses can change. These can include interest rates, arrangement fees, valuation fees, and potential early repayment charges. The interest on a lifetime mortgage can be fixed or variable, with the amount you owe growing over time. This is why it is essential to understand the full cost of equity release and get a detailed breakdown from your provider or adviser.

How can an equity release calculator help me?

You can figure out how much equity you might be able to release from your home using a free online tool called an equity release calculator. You typically need to enter details like your age, property value, and whether you’re applying alone or with a partner. It is important to remember that the results are only a guide, the actual amount you can release potentially being more or less.

What is a drawdown lifetime mortgage?

A drawdown lifetime mortgage is a type of equity release plan that allows you to release tax free cash from your home in smaller amounts, as and when you need it. This is instead of taking equity release as a lump sum. You only pay interest on the money you drawdown, which can reduce the total cost of the equity release. It’s a flexible option that may be tweaked to meet your needs.

How can independent advice help me?

Independent advice can be invaluable when considering equity release. Based on your unique situation, a third-party adviser can offer fair advice. They can explain the different types of equity release plans available, discuss the potential risks and benefits, and help you to make an informed decision. It is vital to choose an adviser who is regulated by the Financial Conduct Authority.

What is the Equity Release Council (ERC)?

The Equity Release Council (ERC) is a trade body that represents the equity release sector in the UK. To guarantee that clients are treated properly, it requires strict requirements for advisers and service providers. 

The ERC’s standards include a guarantee that customers can stay in their homes for life, a no negative equity guarantee, and a requirement for customers to receive independent legal advice.

What are some equity release myths?

There are many myths about equity release. One widespread misconception is the idea that you might owe more money than your house is worth. However, all plans from members of the Equity Release Council come with a no negative equity guarantee, meaning you’ll never owe more than your home’s market value. 

Another myth is that you can’t release equity if you have an existing mortgage. In fact, you can use equity release to clear your existing mortgage. However, this will reduce the amount you have left to spend.

What is the ‘Equity Release Supermarket’?

The ‘Equity Release Supermarket’ is an independent advice service in the UK. They offer guidance on a variety of equity release programmes from various suppliers., including a free online calculator and access to a network of qualified advisers.

What does ‘tax-free cash’ mean in terms of equity release?

When you release equity from your home, the cash you receive is tax-free, as you’re essentially taking out a loan against your home. Therefore, this isn’t considered income and isn’t subject to tax. However, you might have to pay tax on the earnings or gains if you invest the money and earn interest, or if you use the money to purchase another property.

Financial Promotions Sign-off

Where applicable, the adverts for Boon Brokers on this page have been signed off as a Financial Promotion by Boon Brokers Limited, to ensure that they are in compliance with Section 21 of FSMA. Boon Brokers Limited is authorised and regulated by the Financial Conduct Authority (FCA). The Financial Services Register number is 973757.

The Age Partnership equity release calculator has been approved and provided by Age Partnership. Age Partnership is a trading name of Age Partnership Limited, which is authorised and regulated by the Financial Conduct Authority. FCA registered number 425432.

Want to know how much you could receive from equity release? Click the button and try the calculator now.