How much could I release with a lifetime mortgage? If your adviser considers a lifetime mortgage as the most suitable option for you, you may be able to unlock thousands in tax-free cash from your home’s value. The amount you can release depends on your age, health, and how much your home is worth. On average, customers released 23%* of their property value in the first half of 2023. Generally, the older you are, the more you can release. This map shows the average release amount by region. *Key H1 Market Monitor, 2023
£65,482
£51,815
£58,889
£62,124
“I definitely felt I made the right decision and the whole process was spot on”
£61,795
£68,469
£74,438
£63,664
£61,989
£166,162
Sandra Eke, from Sidcup, South East London, enjoys an active lifestyle and after a career change she doesn’t plan on retiring anytime soon. Sandra decided to look into equity release as a way to help her daughter and three grandchildren to find somewhere to live. “I spent six months researching the idea before I made the decision to contact The Equity Release Experts and book an appointment with an adviser. She was honest and I felt that she looked after my needs. The whole process was a lot easier than I’d expected it to be.” When the money arrived in Sandra’s account, the first thing she did was help her daughter and three grandchildren to find a home, paying the first 12 months’ rent upfront. Sandra explained, “I’ve decorated throughout the house, had a new kitchen and bathroom fitted and rather than do it myself, I paid for someone else to do it. I was also able to take one of my grandchildren to Tenerife to visit my sister who lives over there. I’ve already recommended equity release to some of my friends – in my view, you should enjoy the money whilst you’re still alive. I definitely felt I made the right decision and the whole process was spot on.”
£95,692
£83,878
Calculate how much you could release for free using our simple equity release calculator at www.equityrelease.co.uk
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