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Access cash from your home
Accessing tax free capital from your home is an important decision involving you and your family as it reduces the amount you can leave to your children and beneficiaries.
It is important to understand that only a lifetime mortgage would let you keep 100% ownership of your property to pass your wealth to your family and beneficiaries in the future.
The first step is to consider alternative methods of raising the funds as a lifetime mortgage using equity release usually involves interest rolls-up in the future.
You should work out how much you need now and if you will need additional sums in the future. Determine the value of your property to establish the percentage you need to borrow for a lump sum mortgage or drawdown mortgage or home reversion plan.
You can ask us for a free equity release quote and we are here to help answer your questions.
The loan to value (LTV) represents the amount you can release which is based on the youngest age of the applicants. Health conditions can also help increase the maximum loan to value.
If you decide this is the right option for you can start the process by taking the following steps.
| Steps you need to take for equity release |
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Free equity release quote |
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Ask us for a free online quote and we will search the whole market producing a quote for you showing the maximum you can borrow from equity release or a specified amount with the lowest interest rate. |
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Advice from our experts |
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As independent mortgage advisers we represent you and can look at all 139 products in the market.
We can help you consider all your options including lump sum or drawdown as well as equity release and refine the benefits and type of plan you need now and in the future. |
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Talk to your family |
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You should discuss equity release with your family and beneficiaries to make them aware of how things will change. |
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Local legal advice |
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Find legal advice in your local area with knowledge of equity release as you may need to sign documents in their presence. We can also recommend a local Law Firm to you. |
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Apply thorough us |
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Select the equity release plan that meets your needs at the lowest interest rate and as independent financial advisers (IFA) with equity release expertise we can arrange the documents to start your application. |
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Lender valuation & offer |
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The lender will arrange a valuation of your home sending you an offer and confirming the amount for equity release. |
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Completion |
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Once you have received details of the terms you can complete the equity release plan. Your lump sum is usually received 8 to 12 weeks after the application. |
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Must read links for equity release
Learn more about equity release and read our other pages about the types of lump sum and drawdown mortgages you can consider, alternatives to a lifetime mortgage and the steps you need to take to access cash from your home.
Ask us for a free equity release quote to see the maximum lump sum you can receive or the lowest interest rate for a specified cash amount from your home. Call Colin Thorburn on 020 8816 7501 to ask questions about your options.
Best Buys - Equity Release
Equity release lifetime mortgages
Lump sum and drawdown mortgages
Lump sum table - Maximum cash
Drawdown table - Maximum cash
Alternatives to a lifetime mortgage
Steps you take to access cash from your home
Free equity release quote
How can we help
As independent equity release advisers we do the work for you to search and find the best lifetime mortgages from the whole market. We also have access to unique offers not automatically available by lenders such as free valuations to help reduce your costs.
There are hundreds of products with varying terms & conditions which can have an impact on how you change the mortgage in the future. We can help you the technical aspects and advise you on the benefits of each lifetime mortgage lender.
We can recommend the most suitable and affordable options based on your needs now and in the future. Our service includes administration and advice which is Fee Free for loans over £60,000 as we receive a procuration fee direct from the lender. If the amount you are releasing is small, we will let you know if an additional fee would apply.
About Sharing Pensions
Sharingpensions.co.uk was created by its founder Colin Thorburn in 2001 to provide a resource to hundreds of thousands of people during retirement making their decision making easier and to select the best options.
Colin Thorburn has twenty years experience in retirement planning including equity release, is an individual authorised by the Financial Conduct Authority and business is submitted through Blackstone Moregate Ltd which is authorised and regulated by the FCA (no. 459051).
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