Receive from £1,000 to £100,000
The cash you receive through equity release is tax-free!
Safely access the cash tied up in your property, whilst continuing to own 100% of your home.
You will never be expected to pay back more than the price your house is sold for.
You can choose to receive the cash as a lump-sum, in several smaller installments or as a combination of the two.
You don't need to make any repayments until your house is sold, when you either pass away or go into full-time care.
We specialise in finding homeowners, over the age of 55, an equity release plan which is affordable, safe and specifically suited to their individual needs.
At Equity Release 365 we believe that selecting the right equity release scheme, requires the upmost care and consideration. To help you do this, we combine years of financial expertise together with a passionate group of industry experts and a dedicated UK customer service team.
We offer a whole range of equity release products, including lifetime mortgages and home reversion plans, so there’s an option suitable for everyone. Receive your free, no-obligation quote today!
Releasing equity from your property is a truly great way to increase your bank balance later in life. You can unlock tax-free cash and continue to live in your home at the same time. Perhaps you want to:
The money is yours to use however you wish! Better still, repayments do not have to be made on the loan until you or your partner (if applying jointly) pass away or go into full-time care.
You'll need to answer 'Yes' to the following 4 questions:
The minimum age requirement is 55 years old. However, if you are making a joint application, one of you may be below this age.
An independant valuation of your property may need to be arranged to confirm this.
In order to qualify, you must currently reside at the address of the property for at least 6 months of the year.
If you haven't, it is still possible to qualify. However, you will need to use a proportion of the money you receive to pay off any outstanding mortgage debt.
There are many different types of equity release, so firstly, you need to carefully consider which scheme is best suited to your needs. The two main types are; Lifetime Mortgages and Home Reversion Plans. You can find detailed information about the two in our easy to read guide.
You can choose to receive the loan amount as a single lump-sum, in smaller monthly installments, or as a combination of the two. So, think about exactly what you need or want the money for, to decide how is best for you to receive it.
One of the best things about equity release is that repayment plans are extremely flexible. You are not required to make any repayments until you die or move into permanent care, but if you would like to, you can choose to make regular monthly interest repayments.
Finally, once you have an idea of what type of equity release scheme you are interested in, go ahead and apply for a quote. All quotes are free and there is no further obligation should you change your mind!
Equity Release 365 were really helpful in finding me a suitable equity release plan. Having the extra cash has been a big help and I would definitely recommend to a friend!
Eileen Thomas - Retired Midwife