Which equity release

Plan your finances. Use our pension calculators to build a financial picture for your retirement. Pension tax relief calculator Pension tax calculator Income drawdown calculator. Make your money go further. Find the best deals, avoid scams and protect your savings and investments.

Join Which? Related guides for You're retired. What is the state pension? Find out what the state pension is, how you qualify and hear real people's experiences of claiming the state pension. Find out more: How much does financial advice cost — and is it worth it?

The biggest national independent specialists are Age Partnership and Key Group. Lifetime mortgage rates vary considerably. Find out: When will interest rates rise?

Equity release is a big decision. We run through your options in more detail in alternatives to equity release. If you are aged 55, you might want to consider taking cash from your pension instead, though there are downsides to this too. They may also have lots of additional fees and charges attached to them. James Daley is managing director of Fairer Finance , the independent consumer group that produces our product tables.

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You can unsubscribe at any time. Searching Money Mentor. See all results. Equity release Life after mortgage. In this article, we outline: The five best equity release companies Typical interest rates on an equity release loan The pros and cons to equity release Find out: What is equity release?

Which is the best equity release company? For that reason, you can only apply for equity release through a qualified financial adviser.

Your adviser will help you understand the options available and decide whether equity release is the right choice for you. They will also work with you to find the right provider. We offer equity release advice. If you'd like to speak to one of our specialist team about your options, call the number at the bottom of this page, or request a callback.

Are you thinking about downsizing? Can I still pass on an inheritance after equity release? There are steps you can take to protect how much you can pass on as an inheritance.

How much does equity release cost? How long does equity release take? What is an example of equity release? People release equity from their home for various reasons. You might want to pay off an existing loan, gift money to your child for a house deposit, or use the money to improve your home. Equity release with a lifetime mortgage allows you to release money without having to sell your home.

The amount you can borrow is generally based on your age and the value of your home. You can find out how much you could release using our Equity Release Calculator. Get equity release advice Our equity release specialists are waiting to answer your questions about equity release.

For any other enquiries please get in touch via our contact us page Call me back Call me back. Get a guide Get a guide. Compare later life mortgages Which later life mortgage is right for you? Compare later life mortgages Compare later life mortgages Which later life mortgage? You can take out some lifetime mortgages from the age of 55, but home reversions are available only to people aged 65 or older.

Some enhanced products offer more favourable terms if you're a smoker or have health problems that could decrease your life expectancy. With increasing numbers of mortgages becoming available to older borrowers, equity release may not be your only option. If you own your home outright you might find that taking out a mortgage on the property is a more cost-effective strategy.

Alternatively, if you have a mortgage in place, you might be able to release extra cash by remortgaging to release equity. Financial Services Limited. Financial Services Limited is a wholly-owned subsidiary of Which?

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Pension tax relief calculator Pension lump sum withdrawal tax calculator Pension drawdown calculator State pension eligibility calculator Pension calculator - how much will I have? All 5 calculators. In this article.

What is equity release?