Equity Release

Equity Release experts based on the Wirral. Releasing equity is a way of unlocking the value of your property, without having to sell or move home. There are a number of products that fall under the ‘Equity Release’ portfolio, finding the right one may seem difficult. At M.A.I.N we make it easier for you to make an informed decision on whether or not it’s suitable.

Release Tax-Free cash from your home with M.A.I.N

“Equity release is a great way to access equity in your property without having to move, but may not be the most suitable option for all circumstances”

Graham Allsop – Broker/Director at M.A.I.N

Call Graham – 0151 625 5995

Hi George , I just have to say a big thank you to you and your team for all the help and advice you gave both Jill and I for our recent house move to Willaston. I really don’t think it would have been possible without your help . Certainly in our experience you always find the right mortgage without the hassle of trying to find it yourself. Please pass on our thanks to the rest of the team . Kind regards Jeff

Jeff Bowes

25. May, 2022.

All staff and Elliott are very professional and highly recommended. Thanks for all the hard work

S Sam

24. May, 2022.

I have known Graham Allsop for many years and benefitted from his advice and help. Moreover friends and family who I have recommended have also been extremely happy with Graham.

Prem Paul

24. May, 2022.

Came recommended by my friends , really good service, excellent, honest realistic advice , graham was very helpful along with all his team always available for queries. Worth every penny.

Laura Brain

23. May, 2022.

5 Star Company. Great service, great people !

Anthony Gallacher

16. May, 2022.

Found the people we spoke to were friendly, helpful and the advice given very clear

Ian Humphreys

4. May, 2022.

We are extremely pleased with the service provided by mortgage advisor George at M.A.I.N.. He is extremely knowledgeable, professional and polite yet manages to explain everything in simple terms and plain English. He shows an excellent grasp of our specific needs and provides several options that are best suited to our requirements. Having used George for several years now, we have recommended him to family and friends too.

gordon paul

28. April, 2022.

George and the team at MAIN were excellent while we were purchasing our first home. We had two in-person meetings with George who explained everything we needed to know about the process. It took us about 8 months to find a house but they stayed in touch and offered advice whenever we needed it. Everyone we spoke to was really helpful, friendly and quick to respond to emails. We'll be using them for all future advice and purchases, and will recommend them to anyone looking to buy a home.

Kara Copple

18. April, 2022.

Everyone has been exceptionally helpful throughout the purchase of our first home . The advice , service and aftercare we have received has been exceptional and we would highly recommend MAIN. Our transaction was swift and almost effortless.

Natalie Jane

15. April, 2022.

Great service, really easy and straight forward. Elliott listened to my needs and delivered results fast. Nothing was too much trouble for him

Simo Gaming

11. April, 2022.

Book Your FREE Appointment

If you would like to find out more about equity release and whether or not it would suit your needs and requirements, just get in touch.

We can have a chat, discuss all the advantages and disadvantages, then establish the perfect outcome for you. We can arrange a telephone, Zoom call or face-to-face appointment to find out whether this is the most suitable option for you.

0151 625 5995 or

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Equity Release at M.A.I.N

Updated: 8th December 2021

There are two different options when it comes to releasing equity from your home.

The first option is a Home Reversion Plan. This means you sell part of your home or all your home, to give you a regular income and/or lump sum.

The second option is a Lifetime Mortgage. Here, you would take out a loan secured against the property, i.e., a mortgage.

There are advantages and disadvantages to both options. Below you will see a few things to consider when deciding which option may be best for you.

If you are considering a form of equity release, we always offer a FREE, no obligation appointment to discuss all options and factors to ensure you are making the right decision for you.

Lifetime mortgages are often seen as the most popular form of equity release. This is since you can retain full ownership of your property and choose whether to make monthly payments.

Home Reversion Plan

As mentioned above, this plan involves selling either a part share or full share of your property to a Home Reversion provider in return for either a lump sum or monthly income. You retain the right to live in the property until either you sell the property, move into long-term care or die.

If you sell the property, the proceeds are split according to the equity share owned by you and the home reversion provider. If you opt for the ‘full reversion’ option, the home reversion provider will own your home outright, including any increase in value from the date of sale.

Lifetime Mortgages

This is not a typical type of mortgage. This option is typically designed to run for the rest of your life or until you move into long-term care. You borrow money secured against the value of your home, giving you a lump sum and/or regular income. You continue to own your home, until the loan is repaid.

This is usually when the property is sold following death or a move into long-term care. If there is any money left after the loan is repaid, it will go to your beneficiaries.

Who is eligible? …

For a lifetime mortgage you need to be at least 55 years old.
For a home reversion plan you need to be at least 65 years old.
You must own property in the UK, which must be your main residence.
Your property must be in reasonable condition and over a certain value, and there may also be restrictions on the type of property accepted.
If you have a mortgage or secured loan on your property you may still qualify for equity release, but it will depend on the value of your home and the amount outstanding on the existing mortgage or loan. You’ll have to pay off any outstanding mortgages or loans secured against your home at the same time as taking equity release.
Equity release may not be suitable if you have dependants living with you. Any dependants should take separate legal advice. If they wish to remain living with you in the property, they may need to sign a waiver confirming that they understand they don’t have the right to reside there if you die or move into permanent residential care.

AN EQUITY RELEASE PRODUCT WILL REDUCE THE VALUE OF YOUR ESTATE, WILL NOT BE SUITABLE FOR EVERYONE AND MAY AFFECT YOUR ENTITLEMENT TO STATE BENEFITS. TO UNDERSTAND THE FEATURES AND RISKS PLEASE ASK FOR A PERSONALISED ILLUSTRATION.