Q&A

Equity Release Questions Answered

Direct answers to the questions we hear most often. Each answer is short and plain English — click through for the full explanation.

What age can you get equity release?

The minimum age is 55 for most lifetime mortgages.
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How much can I release from my home?

Typically 20%–55% of your property value, depending on age.
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Can I move house with equity release?

Yes, most plans are portable to a new property.
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What happens to equity release when I die?

The loan is repaid from the sale of your property; any surplus passes to your estate.
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Can I pay back equity release early?

Yes, but most plans carry early repayment charges.
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Does equity release affect means-tested benefits?

It can, because released cash counts as capital.
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What is a no-negative-equity guarantee?

You can never owe more than your home is worth.
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Is equity release regulated?

Yes, by the Financial Conduct Authority (FCA).
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Can I get equity release on a leasehold property?

Yes, but most lenders require at least 75 years remaining on the lease.
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Can I get equity release with an existing mortgage?

Yes, but your existing mortgage must be repaid first.
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How long does equity release take?

Typically 8–12 weeks from application to completion.
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What happens if I go into care?

Permanent entry into long-term care triggers repayment of the loan.
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Can couples get equity release together?

Yes, most plans are available on a joint basis.
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What is drawdown equity release?

It gives you access to a reserve facility you can draw from in stages.
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Want to understand your options? Speak to a specialist later-life lending adviser. No obligation — just plain-English answers to your questions.

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