FREQUENTLY ASKED QUESTIONS

A new independent report which was commissioned by the Equity [...]

For many people in the current financial climate, the cost [...]

How much is Inheritance Tax, when do we pay it [...]

Open conversations about finances can be very difficult in relationships. [...]

The Equity Release Council previously hosted a series of webinars [...]

Talking about money and inheritance is definitely not considered something [...]

If you are nearing retirement age, it is good to [...]

As we enter 2023 in the midst of a recession [...]

We are so pleased to announce that Access Equity Release [...]

As more people are predicted to consider using equity release in 2022, we explain the things you need to consider with a qualified equity release adviser. Is equity release right for you? What are your options?

How does equity release affect care costs? This blog is a useful guide to help you understand the implications of equity release on care costs and what you need to do to ensure that show that you released equity for legitimate reasons.

You may want to consider equity release to repay your mortgage once you reach the age of 55 or over using a lifetime mortgage. It may be possible release enough money to spend on other things too such as home improvements, travel or perhaps a reliable new car.

People release equity from their homes for many different reasons. From paying off debts to helping loved ones financially, equity release is an option to think about for homeowners aged 55 and over.

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.

An adviser will be able to tell you which is the best option for you but right now, interest rates are at some of the lowest levels they’ve ever been. Depending on your circumstances some may even offer less than 3%.

One of the standards set out by the Equity Release Council (ERC) is that all potential customers have at least one face-to-face meeting with an independent solicitor. Legal advice is crucial to making sure you fully understand the equity release plan.

There are many benefits of equity release and why it can be the right decision for some people. There are other options you might want to consider before choosing to release cash from the value of your largest asset. 

If you have owned your home for a number of years then you are likely to have benefited from house price increases over the years. Releasing this equity will allow you to use this money for retirement plans or to pay off other debts.

If you are considering an equity release product we always recommend that you talk to one of our qualified advisers first. They will be happy to discuss your needs and help you make a decision about whether equity release is right for you.

If you are considering releasing equity from your home it is important to know the value of your home first, then you can begin calculating how much cash could be available. However, we do have some tips which could help.

A mortgage adviser might believe that advice on equity release is appropriate for their client but they are not qualified to provide specialist advice themselves.

It's important to remember that just like with regular mortgages, there'll be costs to pay when releasing equity from your home. In this article, we look at the typical costs you can expect.

It is a big financial commitment and deciding to purchase an equity release product should not be considered lightly. Everyone’s circumstances are different and what’s right for you may not be right for someone else.

It is common for people over 55 to decide to downsize or move to a more suitable property. A standard equity release product should allow you to move house and transfer your mortgage to a new property.

We have outlined in our other blogs the types of [...]

The time it takes to apply for equity release will [...]

Many people who release equity from their homes are doing so to pay off their mortgage or to consolidate unsecured debts. It can be a great way to sort your finances as you enter retirement.

Equity release allows you to access your property’s value for more cash when you retire. You can benefit from the capital your home holds without having to sell your home and move.

We have outlined in other Access Equity Release blogs the [...]

The Bank of Mum and Dad is well known for [...]