The Equity Release Foundation

Equity Release Mortgages, or now better known as Lifetime Mortgages are a way for homeowners aged 55 or over to access tax free cash from their property.

An Equity Release mortgage, also known as a lifetime mortgage, enables those aged 55 or over an ability to access cash that is tied up in their homes.

Homeowners over 55 often have little or no outstanding mortgage and quite often describe themselves as ‘equity rich & cash poor’, whilst many others have interest only mortgages and have no way of repaying the capital at the end of the mortgage term.

In situations such as this Equity Release may be the answer and could be a way for you to release cash from your home, avoiding the need to move out.

Cash can be released as a lump sum, as an income or a combination of both.
Is Tax Fee.
Has no monthly payments although some providers give you the option.
After repayment of your current mortgage the cash released is yours to spend as you wish.

Discussing the options with the Equity Release Foundation will ensure that you choose the right Equity Release scheme that is most appropriate to you.

A lifetime mortgage may affect your entitlement to state benefits and will reduce the value of your estate. Think carefully before securing other debts against your home. To understand the features and risks, ask for a personalised illustration.

The Equity Release Foundation is a trading style of Top Mortgage Solutions Limited who is an Appointed Representative of Mortgage Next Network Ltd which is authorised and regulated by the Financial Conduct Authority under number 300866 in respect of mortgage, insurance and consumer credit mediation activities only.