Equity release.
Equity release lets homeowners aged 55 or over turn part of their home’s value into money without moving. It is regulated by the Financial Conduct Authority, and advice is required before a plan is taken out. Interest usually builds up on the amount released, so what is owed can grow over time and reduce what you leave behind.
Lawes Financial does not give advice on equity release. If you’d like to explore equity release, we will introduce you to a specialist firm that is authorised and regulated by the Financial Conduct Authority, and they will give you advice.
Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice.
If you go ahead, the firm we introduce you to pays Lawes Financial a referral fee. You don’t pay it, and it doesn’t affect the advice you receive or the terms you’re offered.
Equity release is a lifetime mortgage or home reversion plan. To understand the features and risks, ask for a personalised illustration.
Read them in this order.
Start with how equity release works, then how to check the firm that advises you.
01 · Start hereEquity release: the benefits, the costs and the alternativesHow it works, the protections plans carry, how the interest builds up, and the alternatives.Read 
02 · Before you chooseFinding an equity release adviser you can trustHow to check a firm on the FCA Register, and the questions to ask an adviser.Read
What clients ask first.
MoneyHelper’s free guide to equity release explains how it works and what to check before you go ahead. You can check our authorisation on the FCA register.
Who can take out equity release?
Homeowners aged 55 or over, with a UK home that meets the provider’s criteria. The owners’ ages usually affect how much can be released.
Will I still own my home?
With a lifetime mortgage, the common form of equity release, you keep ownership and the loan is repaid when the home is sold, usually after death or a move into long-term care. A home reversion plan is different: you sell part or all of your home to a provider for less than its market value, in return for a lump sum or regular payments, and keep the right to live there.
Could I owe more than my home is worth?
Plans that meet the Equity Release Council’s standards include a no-negative-equity guarantee, so the amount owed will not exceed the home’s sale value. The adviser will confirm exactly what any plan includes.
What alternatives come first?
Downsizing, savings, help from family, or a standard or retirement interest-only mortgage. An adviser has to look at these with you before recommending a plan.
Where to go next
- ServiceEquity release, through a specialist firmHow an introduction works, and what the specialist firm does.
- Related guideRemortgaging: a guide in reading orderWhen your deal ends: timing, costs and comparing options.
- IntroductionRequest an introductionA short call with us first. The advice itself comes from the specialist firm.Lawes Financial does not give advice on equity release. If you’d like to explore equity release, we will introduce you to a specialist firm that is authorised and regulated by the Financial Conduct Authority, and they will give you advice.If you go ahead, the firm we introduce you to pays Lawes Financial a referral fee. You don’t pay it, and it doesn’t affect the advice you receive or the terms you’re offered.
Equity release is a lifetime mortgage or home reversion plan. To understand the features and risks, ask for a personalised illustration.