Your Questions Answered
What is Equity Release?

It is simply a way of raising funds from the value of your property without having to pay for it until you die or go into long term care. There are no repayments of interest or capital to make until the equity release plan ends.

However, when interest is added to the amount you owe every year this will reduce the remaining equity in your home. If you live a long time or house prices fall, there may be no equity left for your heirs to inherit.

How do I qualify for Equity Release?

You must be over 55years old and be a property owner. The property should have a minimum value of £75000.

What can Equity Release do for me?

Equity Release can help raise funds for numerous reasons. You may choose to repay current loans or debts, home or garden improvements, celebration of a special event or provide for grand children to name but a few. You may wish simply to generate some funds to make your retirement that bit more enjoyable.

Think carefully before securing other debts against your home. By consolidating your debts into a mortgage you may be required to pay more over the entire term than you would with your existing debt.

How much can I borrow from my plan?

Please use the equity release calculator on the right which will tell you how much you can borrow. It is important to get the right advice on the amount you take and there are options available to take further amounts later when needed.

Can I make repayments on my plan?

Yes, there are some lenders that will allow you to make some or all of the interest repayments which reduces the impact of interest rolling up.

How does it affect my estate for the children?

Taking out equity release will impact on the value of your estate as the plan is repaid in the event of death. It is key to get the right advice to try and ensure that any inheritance wishes can be considered as part of your needs. Lifetime mortgages can quickly erode the remaining equity and as a result, there may be no value to pass on.

What does The Equity Release Council mean and how does it protect me?

The Equity Release Council formerly known as SHIP, is an organisation dedicated to the protection of the equity release consumer through a code of conduct which goes over and above Financial Conduct Authority regulations.

We only ever recommend Lifetime Mortgages from lenders who adhere to strict Equity Release Council standards. These requirements are:

  • You can live in your home for the rest of your life
  • You can move home and take the plan with you (providing there is sufficient equity in the new home)
  • A No Negative equity guarantee means your estate can never owe more than the value of your house
  • You need to take independent legal advice

All designed to protect you the plan holder.

Is my property at risk?

NO. The SHIP guarantees ensure you cannot lose your home, and that you can live in your home for the rest of your life.

How much does it cost to set up?

There are fees involved in setting up an Equity Release Plan. The fees could include a valuation fee, solicitors fee, lender arrangement fee and an adviser fee for the advice. The level of fees depend on the plan selected and also we have special arrangements with some lenders from time to time with discounted fees.

Can I borrow more money in the future?

Yes, providing the maximum amount allowed has not been reached. If it is likely further funds are required later a drawdown facility can be set up which allows further amounts to be taken without the need for further solicitors or underwriting. You only get charged interest on the amount borrowed. If drawdown is not included it is possible to apply for a further advance.

Why is it important for me to get specialist advice for Equity Release?

Equity Release is not right for everybody and it is important to consider all options. Equity Release can affect eligibility for state benefits and grants and can limit a customer’s options for moving house in later years.

Age UK strongly recommends you seek independent legal and financial advice. Different plans in the marketplace have their own features making it vital to get the correct advice.

Why Trust in Equity Release?

We can provide that specialist advice and as a well established Financial Services business we will ensure that you get the right answers. Here at Trust in Equity Release the customer is at the centre of everything we do.

Trust in Equity Release - Testimonials
How much can I borrow?
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This is a Lifetime Mortgage. To understand the features and risks, ask for a Personalised Illustration. A Lifetime Mortgage may reduce the value of your estate and could affect your entitlement to means tested state benefits. To understand the features and risks, ask for a Personalised Illustration.

For Equity Release we can be paid a commission, or a fee of usually £795 or a combination of both, paid only on completion.

The advice I received has significantly improved my income position and has provided funds for me to complete some redecoration and for future holidays. The advice given was simply explained enabling me to understand how it met my needs. Once the application was completed the back up service enabled the plan to complete quickly and problem free as the Trust in Equity Release team co-ordinated the surveyor , solicitor and the lender to ensure a smooth process.
Mrs Simmons - Doncaster
Over the course of the meetings I had with Steve my Equity Release Adviser I felt that he was acting in my best interests and that I could place my trust in him. He explained everything in a language that I could understand. One of my main concerns was that I still wanted if possible to leave funds for my children, which is likely because of the amount I have borrowed. Equity Release was the best thing I have ever done in it has released money pressures off me that had been building for a number of years. The plan completed much quicker than I thought and it was great to be kept informed throughout the process.
Mrs Owen - Southport
Equity Release was definitely the right answer to resolve the financial concerns of my family. I never felt pressurized at any time during the process and was always given time and space to reflect on what was told to me. I felt well informed and therefore the decision to move ahead with the plan was an easy one for me and my family. Credit for this must go to my Adviser, Steve who provided the advice and reassurance that I needed. In addition once the application was submitted I was pleasantly surprised how quickly and smoothly the monies came through.
Mrs Johnson - Liverpool
We were worried by our current Interest Only loan where the lender was demanding repayment and we did not have the resources to meet this. We met with our Adviser Steve who was able recommend a lifetime mortgage which would require repayment following our second death from the sale of the property. The advice Steve gave to us was easy to understand and at no time in the process did I feel hurried or pressurized into making a decision. We had one or two issues to address during the process however when these arose they were sorted by Steve and his team very quickly.
Mr and Mrs Moynihan - Southport

Before meeting with Steve, My Adviser, I had approached a number of different companies to consider Equity Release and research the different options. In the end I decided to go ahead with Steve because I preferred the face to face contact and liked the clarity in which Steve explained the his advice. After I agreed to go ahead, Steve kept me informed of progress and ensured that I received the funds as soon as possible. The whole process ran very smoothly from start to finish and I am pleased with the outcome.
Mr Bentley - Formby