Unlock some of the value in your home
For homeowners aged 55 or over. We introduce you to a specialist adviser who can explain whether equity release is right for you.
Is equity release right for you?
Equity release can let you access some of the money tied up in your home without having to move.
It is a big decision with long-term consequences, so it needs specialist advice. We introduce you to a qualified equity release adviser at our trusted partner, Personal Wealth Management South Wales Ltd (FCA 784785), who will provide any advice directly.
We recommend involving your family in the conversation, and looking at alternatives such as downsizing before you decide.
Lifetime mortgages and home reversion plans
Lifetime mortgage
- Borrow a tax-free lump sum, or smaller amounts over time, secured on your home
- You keep ownership of your home
- Interest usually rolls up, although some plans let you make payments
- Usually repaid when you die or move into long-term care
Home reversion plan
- Sell all or part of your home to a provider for a lump sum or regular payments
- You can live there rent-free for the rest of your life
- You receive less than the market value for the share you sell
Things to think about
- Equity release will reduce the value of your estate and what you can leave to your family.
- It may affect your entitlement to means-tested benefits and your tax position.
- Talk to your family and consider alternatives such as downsizing.
- Repaying early may mean paying an early repayment charge.
Common questions
Cannot see your question? Ask us, there is no obligation.
Equity release is generally available to homeowners aged 55 or over. Each provider has its own criteria, including minimum property values.
With a lifetime mortgage you keep ownership of your home. With a home reversion plan you sell all or part of it to a provider, but can live there rent-free for life.
We introduce you to a specialist equity release adviser at Personal Wealth Management South Wales Ltd, who will provide and be responsible for any advice.