A higher property value will result in a higher equity release calculation.
If you are applying as a couple, the amount of equity you can release will be calculated based on the youngest applicant.
*Figures quoted are indicative only; the amount you can raise depends on a range of factors including property type and personal status. Our advisors will provide specific figures during your free no obligation consultation.
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We’re the UK’s longest established independent Equity Release specialist, since 1985, our advisors have helped thousands of retired homeowners raise extra monthly income and cash lump sums of thousands of pound.
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Access a comprehensive guide to AskERIC’s equity release process to read and consider at your leisure.
Our honest and dedicated advisors want to help you to fully understand how equity release works. Please read the below, and contact us to find out more.
Equity release may involve a Home Reversion plan or a Lifetime Mortgage which is secured against your property. Equity Release requires paying off any existing mortgage or secured loan. Any money released, plus any accrued interest is repayable upon death, or moving into long-term care. Please be aware that equity release will affect the inheritance you leave and may have an impact on your entitlement to means-tested benefits both now and in the future. To understand the features and risks ask for a personalised illustration. Only if you choose to proceed and our case completes would a typical fee of 1.5% of the initial amount released be payable.