One of the most popular reasons to release equity from property is to make home improvements and renovations. Here’s what you should consider if you would like to renovate your home using cash from equity release.

Looking to release tax-free capital to use later in life? We’ve summarised The ERC’s key findings from their Autumn 2021 report to help make unprecedented amounts of tax-free capital.

A Retirement Only mortgage can be a good alternative option for homeowners aged over 55. It is very similar to a standard interest-only mortgage but is often easier for pensioners to apply for.

It's possible to do equity release twice but it depends on the terms of your existing lifetime mortgage and balance. A lender will look at your age, health and the value of the property to make a decision on whether extra funds can be released.

In most circumstances, repayment of the loan happens through the sale of your home when you die or enter permanent long-term care. We explain more in this blog post.

So unfortunately whilst you can not apply for equity release if you under 55, we look at some of the other ways to release the equity in your home.

This blog looks into how the industry as a whole is regulated, including an explanation of The Financial Conduct Authority and The Equity Release Council.

Some traditional mortgage companies may be reluctant to lend to over 60s if there are concerns about income or credit-worthiness. However, there are many firms, like Access Equity Release, which cater specifically for this age demographic.

The Equity Release Council (ERC) states that property is the single biggest source of household wealth for over-75s in the UK at over £775bn. Now could be a great time to release equity.