Equity Release / Lifetime Mortgages


How does equity release work?

If you're thinking about releasing equity from your home then our expert can guide you through the process at your pace. You will never be under any obligation to proceed and we will only recommend it if it's right for you.

The equity release market is constantly changing...


The introduction of innovative new plans means equity release can be an attractive option for a wide range of people. By asking questions about what’s important to you, our adviser can find a plan that’s right for you


To qualify for equity release you must...

  • Be aged 55 or over – both applicants if couple

  • Own and live in the property you wish to release equity from

  • Be able to release enough equity from your property to enable you to fully pay off any outstanding mortgage or secured loan

Your property must be...

  • Valued at least £70,000

  • In the UK (including Northern Ireland)

  • Either freehold or leasehold, with a minimum lease period of 75 years remaining

  • Of standard construction and in good condition

What are Lifetime Mortgages?

Most people who take out equity release use a lifetime mortgage.  Usually you don’t have to make any repayments whilst you are alive - interest ‘rolls up’ and is added to the loan.

However, some lifetime mortgages now offer you the option to pay all or some of the interest, and some let you pay off the interest and capital.

In the same way that ordinary mortgages vary from lender to lender, so do lifetime mortgages.

For advice on Equity Release, please contact...
Lisa Connelly, Mortgages & Protection

lisa@mortgagecall.co.uk | Phone: 07786 577893

Equity release may involve a lifetime or home reversion plan. To understand the features and risks, ask for a personalised illustration.

The guidance and/or advice contained within this website are subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. Terms and Conditions: Please read our full privacy statement before you proceed.

Mortgage Call is a trading style of Eric Armstrong who is an Appointed Representative of Mortgage Next Network Limited, which is authorised and regulated by the Financial Conduct Authority under number 300866 in respect of mortgage, insurance and consumer credit mediation activities only.

Your home may be repossessed if you do not keep up repayments on your mortgage.


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t: 01422 206090

e: enquiries@mortgagecall.co.uk

We always aim to provide a high quality service to our customers. However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent Ombudsman. Our advice is covered under the Financial Ombudsman Service. You may be able to submit a claim through the EU Online Dispute Resolution Platform if you live outside the United Kingdom or if you prefer not to deal directly with the Financial Ombudsman Service.

There may be a fee for the advice given, the exact amount will depend upon your circumstances. If the mortgage is under £60,000, a fee will be payable and will not exceed £295. For all Equity Release/Lifetime mortgages, a fee will be payable of £795. All fees are payable on completion, please ask for further information on the fee you could pay.