Equity Release: Step-by-Step Process

Thousands of people aged 55 and over have already chosen to release the equity locked up in their homes. If you need extra money to fund your retirement, to make home improvements or to take that dream holiday in the sun you too could benefit from an equity release plan. Below we take a look at the steps you can take to release equity from your home.

The first step: Taking advice

If you are interested in releasing equity from your home the first step is to choose a qualified equity release advisor. A qualified advisor will be able to talk you through the process and make recommendations based on your individual circumstances. There are two main types of equity release – a Lifetime Mortgage and a Reversion plan – and each has their own benefits. Your advisor will be able to talk you through these benefits and assist you in finding the right plan for you.

Step 2: Discuss your decision with your family

Once you have decided which equity release plan may work best for you it is important you discuss your decision with your family and any intended beneficiaries. Taking equity release will affect your estate after your death so it is essential that you make the important people in your life aware of your choice.

Step 3: Your personalised recommendation

To help you make an informed decision, your advisor will provide you with a full- personalised recommendation. Your recommendation will breakdown how equity release could work for you and which plan they feel would best suit your individual circumstances.

Step 4: Seek independent legal advice

Before committing to an equity release plan, you may wish to discuss your decision with a solicitor.

Step 5: Releasing your equity

Once you are content that equity release is the right option for you and your family your provider will finalise everything on your behalf and you should receive your funds within 8-12 weeks.

Equity release can be an excellent way to release capital from your property but it is not right for everyone. To speak to one of our trusted advisors call 0207 158 0881. You can also use our free equity release calculator to find out how much equity you may be able to release from your home.

We are fully regulated by the Financial Conduct Authority (FCA) and all the plans we recommend come with a no-negative equity guarantee.

Equity Release Calculator

Our equity release calculator is FREE and easy to use. Simply complete the form below.

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Equity release is not right for everyone and may involve a lifetime mortgage or home reversion plan.
If you are considering Equity Release we recommend you read through is equity release right for me? carefully.
We have also created a Myth Buster for further useful reading.
Equity release can impact your entitlement to mean tested benefits and will impact the value of your estate.
To understand the full features and risks of an Equity Release plan ask for a personalised illustration.
Money Release Limited is registered in England No. 09332792. Registered office: Harwood House, 43 Harwood Road, London, SW6 4QP.
Money Release Limited is authorised and regulated by the Financial Conduct Authority. FCA registered number 679004.
The content of this website is provided for information purposes only. Nothing within this website should be construed as investment advice and should not be relied upon.
The information contained within this website was obtained from sources believed to be reliable but no guarantee is given to its accuracy and completeness. Money Release Limited is under no obligation to update, modify or amend the information and it does not accept any liability for any loss or damage, however caused, arising from any errors, omissions, or reliance on any information or views contained in this website.