Equity Release

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 Equity Release at 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

George, Lisa and the MAIN team are always my first point of contact for my mortgage and insurance needs, I wouldn't go anywhere else. As a long time customer of theirs, I have just done a mortgage refinance that was better than I had hoped for, very professional speedy service. Got me the right deal at the right price. I couldn't be happier. They listen, care and getting the customer what they need is their priority. Very customer focussed. Thanks George!

Ann S

16. October, 2021.

Massive thank you to MAIN for being there for me and my partner every step on the way leading up to applying for our first mortgage and after! Everyone I’ve spoken to at MAIN has been extremely friendly and reliable every time we’ve needed something Thank you Elliott and Amy in particular, you’ve made the process so stress-free 🙂 I recommend booking in for a free consultation, you won’t want to go anywhere else after this!

Lucy Hodkinson

11. October, 2021.

I have been extremely happy with the advice offered by this firm on two if not three occasions now. Graham is swift and professional. He also cares and goes above and beyond to help you get the right mortgage in place. I cannot recommend him enough. I will be going back to Graham at MAIN again.

Sandy Campbell

10. October, 2021.

We couldn’t of felt more at ease with getting our first mortgage! George has been so friendly and helpful! We really couldn’t thank him enough! The team have been so helpful too!! Especially Nicola who has gone above and beyond and kept us in the loop the whole time!

Emma Jones

23. September, 2021.

My wife and I had a fantastic experience, and was able to acquire the right mortgage for us through our advisor. We Will definitely return in the future, and would highly recommend to anyone in need of mortgage advice.

marius gjersvik

23. September, 2021.

Very efficient and seamless process Arranged our remortgage helping us to consolidate our debts and save us considerable amount of money on our monthly outgoings

Rachael Eccleson

23. September, 2021.

Being self employed during and after the pandemic - it was extremely worrying for me whether I could get the mortgage or not. So George made me feel very confident we would get it and we did. So very grateful

Rhys Owen

22. September, 2021.

George and his team were really helpful and knowledgeable. They helped take a lot of stress out of a difficult process and guided me through what I needed to do really well

liam cox

22. September, 2021.

Friendly and professional to speak with good communication providing the best quality service.

Michael Brett

20. September, 2021.

Exceptional service from start to finish! George and Amy have been excellent with our remortgages! Thank you!

THABISO SPOGWANE

16. September, 2021.

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

Request a Callback

Equity Release at M.A.I.N

Updated: 31st March 2021

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

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

The second option is to take out a loan secured against the property, i.e a mortgage. This option is known as being a Lifetime 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 due to the fact that you can retain full ownership of your property and choose whether or not to make monthly payments.

Home Reversion Plan – Equity Release

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 – Equity Release

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 can get Equity Release? …

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.