How over 55 equity release schemes work

Over 55 equity release unlocks the wealth in your home to allow you to achieve personal dreams, help loved ones or strengthen your financial position by providing a tax-free sum, with the option for staged payments. 

You must be over 55 and own your own home, and the amount you can release depends upon the value of your home and your age (get an idea how much you could borrow with our borrowing guide).

There are two main types of equity release plans: lifetime mortgages and home reversion plans. 

Plans provided by members of the Equity Release Council come with guarantees that, as long as the policyholder keeps to the terms and conditions of the plan, they will never be turned out of their home and their children will not end up in a situation of negative equity.

Realise your dreams

Equity release for the over 55s can help you live the life you want. These are the most popular reasons for equity release mortgages.

Home and garden improvements

Find out how

Dream holiday

Find out how

Pay debts

Find out how

Help friends and family

Find out how

Pay off your existing mortgage

Find out how

Help with regular bills

Find out how

Home care and nursing fees

Find out how

Moving to a nicer home

Find out how

Self-funding medical fees

Find out how

‘I just wanted to thank you most sincerely for your professional advice and tenacious approach whilst you dealt with my equity release.’

JH, successful over 55 equity release scheme applicant, Oldham, Greater Manchester

Read more testimonials

How much could you borrow?

Our guide will help you work out how your home could help you realise your dreams.

Read more