What is the Minimum Age Requirement for an Equity Release Mortgage?
Are you looking to unlock the value of your home and access tax-free cash? Equity release mortgages are a great way to do ...
Unlock the Benefits of Equity Release Mortgage
Equity release mortgages are a great way to unlock the capital (cash) tied up in your home if you are an older homeowner. ...
Why Would Equity Release be Declined?
Equity release is a great way to free up some of the capital in your home to finance things like home improvements or...
Do I Need to Have a Good Repayment History to Get an Equity Release Mortgage?
You can usually get a capital release with poor credit. However, you will be required to pay certain types of debts.
Do I Need a Good Debt-to-Income Ratio to Get an Equity Release Mortgage?
Mortgage lenders will take into account your debt-to-income ratio (DTI) as a way to assess your eligibility. Generally,...
Do I Need a Good Property Condition Report to Get an Equity Release Mortgage?
All capital release requests require an independent surveyor to review your property to ensure it meets your lending...
Can I Switch Lenders with an Equity Release Mortgage?
For those who have a capital release mortgage in force, it is possible to switch to another product and another lender,...
Can You Get Equity Release If You Have Savings?
If you're considering releasing capital from your home, it's important to understand how it could affect your eligibility ...
How Long Does It Take to Get Equity Release Approved?
It usually takes about eight weeks to complete a capital release request and for you to receive your funds. Some requests ...
Does Equity Release Affect State Pension?
The release of capital does not affect your right to a state pension. Since the money released is a loan, it is not...
Do I Need Life Insurance Before Getting an Equity Release Mortgage?
Contrary to popular belief, you don't need to take out life insurance to get a mortgage. One of the main reasons people...
Understanding Equity Release Mortgages: How They Work and What to Consider
A capital release mortgage is a financial product that allows homeowners age 55 and older to access tax-free money from...
Do I Need a Good Environmental Report to Get an Equity Release Mortgage?
The reasons why clients consider freeing themselves from capital are varied and reflect individual circumstances....
What is an equity release mortgage?
Capital release refers to a range of products that allow you to access the capital (cash) fixed in your home if you are...
What is the Difference Between a Lifetime Mortgage and a Home Reversion Plan?
The key difference between a lifetime mortgage and a home reversion plan is that with a lifetime mortgage, you retain...
Do I Need a Good Credit Score to Get an Equity Release Mortgage?
Do you have a low credit score and are wondering if you can still get an equity release mortgage? Don't worry, you can...
How Long Does It Take to Get Approved for an Equity Release Mortgage?
The capital release process usually takes about eight weeks from start to finish, although it may be longer or shorter...
Do I Need a Good Survey Report to Get an Equity Release Mortgage?
Similar to taking out a normal mortgage, it is necessary to obtain an appraisal from a surveyor when taking out a...
Can Equity Release Mortgages Help Buy a New Property?
Using capital release for the purchase of a new property can be a great way to pay off an existing mortgage and obtain...
Can I Transfer My Equity Release Mortgage to Another Property?
The short answer is that you can generally transfer a capital release mortgage to a new property. Your mortgage company...
Can I Make Overpayments on My Equity Release Mortgage?
You can make some overpayments over the life of the mortgage without penalty, but early repayment fees may apply if you...
Do I Need Critical Illness Cover Before Equity Release Mortgage?
Protection against serious illnesses isn't mandatory for a mortgage, but it's highly recommended to consider how your...
Do I Need to Have a Good Income to Get an Equity Release Mortgage?
Unlocking the value of your property and converting it into cash is a way to free up capital. This can be done through a...
What does it mean if you have a mortgage shortfall?
A mortgage shortfall occurs when the sale of a property does not generate enough funds to fully repay the outstanding...
Is it a Good Idea to Release Equity to Buy Another Property?
Yes, remortgaging a property to free up the capital that is used to help buy another property is a common method that...
What Are the Fees Associated with Equity Release Mortgages?
When it comes to releasing capital, the fees of lawyers typically amount to 650 pounds sterling. However, the average...
Can I Use Equity Release to Buy a New Property?
The capital release can be used to purchase a variety of properties, such as a vacation home, investment property, or...
Do I Need a Good Building Insurance Policy Before Getting an Equity Release Mortgage?
All lenders with capital exemptions require that you have building insurance in order to obtain a mortgage. This type of...
Do I Need a Good Property Valuation to Get an Equity Release Mortgage?
When you take out a lifetime mortgage or a mortgage with retirement interest only, you'll need one of our independent...
Do I Need an Energy Performance Certificate (EPC) Report to Get an Equity Release Mortgage?
Property applications that do not meet certain criteria will be rejected. The new rules prevent landlords from issuing...
How long does it take to get a secured loan?
The time it takes to get a secured loan can vary depending on several factors, including the lender, the complexity of...
Can I Use Equity Release to Pay Off My Existing Mortgage?
Freeing up capital can be a great way to repay an existing mortgage, increase your income, or pay for care needs. Capital ...
Unlocking the Maximum Age Requirement for Equity Release Mortgages
Are you looking to unlock the equity in your home but are unsure of the maximum age requirement? Capital release plans...
Do I Need a Good Employment History to Get an Equity Release Mortgage?
Do you need a good employment history to get an equity release mortgage? It's possible to get a mortgage with a gap in...
Do I Need a Good Title Deed Report to Get an Equity Release Mortgage?
Do you need a good title deed report to get an equity release mortgage? The answer is yes. If the property is not listed...
Do I Need to Have a Good Savings History to Get an Equity Release Mortgage?
As a rule, you should release capital from your primary residence that meets a minimum valuation of around 75,000 pounds...
Can Equity Release be Refused?
You may be denied the release of capital if you plan to use the funds in a way that falls outside of the scope of...
Can I Remortgage to Release Equity and Buy Another Property?
Remortgaging a property to free up the capital that can be used to purchase another property is a common practice among...
Do I Need to Have a Good Deposit History to Get an Equity Release Mortgage?
When it comes to getting an equity release mortgage, having a good deposit history is essential. How you must credit your ...
Do I Need a Good Legal Report to Get an Equity Release Mortgage?
Are you considering freeing up some capital from your property? Equity release mortgages are a great way to do this, but...