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The Benefits of Equity Release

Making financial decisions can sometimes be incredibly challenging especially if the terms and concepts are confusing. However, it’s vital to get a good understanding of the financial options available to you now and in the future so that you can secure your financial situation. In this post, we’re going to talk about equity release, what it is, how it works and also the benefits that you can expect from it.

What is equity release?

Releasing equity is a method of getting cash from your property value so that you have more money during retirement. It’s a lifelong commitment that can be expensive if done incorrectly, but if you’re struggling to keep track of your finances then it can be a way to tap into the value of your property so that you can continue living your life comfortably without having to move.

How does equity release work?

Typically it focuses on lifetime mortgages and home reversion plans. For a lifetime mortgage, you borrow a part of your home’s value at a capped interest rate. However, you don’t make repayments and instead, the interest will continue to rise compared to a regular mortgage. The second option, a home reversion scheme, means you sell part of your home for a lump sum. You can continue to live in your home rent-free but once it is sold, you will only receive a percentage of the property’s value.

What are the benefits of equity release?

There are a number of advantages to equity schemes.

  • There’s a no-negative equity guarantee that means you won’t need to repay more than the value of your home. Your estate will also not owe more than the property is worth when it is finally sold. This is regulated by the Financial Services Authority so there’s no risk of being cheated or lied to and you will have consumer protection.
  • Equity release plans have no impact on your personal budget because there are no monthly repayments towards the interest charged.
  • You will be able to continue living in your property rent-free for the rest of your life or until you move into a permanent long-term care home.
  • There are some very flexible modern plans, but it’s important to speak to a qualified equity release company in order to take advantage of them.
  • You can use the cash for anything you like, be it home improvements, paying off debts or even going on holiday.
  • The money you withdraw will be tax-free.
  • It’s a good way to deal with cash flow issues during retirement, especially if you’re encountering financial issues.
  • It’s often easier to deal with equity release than the hassle of downsizing your home and moving into a new property.

If you’d like to learn more about equity release, then don’t hesitate to get in touch with us at Equity Release South East for more information. Whether it’s our equity release calculator that you want to access or a friendly representative to speak to over the phone, we’re more than happy to assist you.


Kevin Hull Equity Release Specialist

Kevin Hull is a member of the Equity Release Council and an authorised consultant of The Right Equity Release.

This is a lifetime mortgage or home revision plan.

To understand the features and risks, ask for a personalised illustration.
It may affect your entitlement to state benefits and will reduce the value of your estate.

Think carefully before securing other debts against your home.

Kevin Hull Equity Release Specialist is an introducer to The Right Equity Release Ltd which is Authorised and Regulated by the Financial Conduct Authority.

Registered in England and Wales No. 07166676.
Registered Address:
Croft House, 21d Station Road, Knowle, Solihull, B93 0HL.

Head Office: Croft House, 21d Station Road, Knowle, Solihull,
B93 0HL.

The advice and guidance contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

The advice and guidance contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

The Right Equity Release does not charge any up front fees.

A fixed fee is only charged on completion of an Equity Release Plan. Typically, this is 1.5% of the total facility or £995 whichever is the greater.