Types of Equity Release

  • This service is for information purposes only, we introduce any enquiries to a third party.

Body

Types of Equity Release Schemes

There are two equity release schemes available on the market offered by reputable equity release providers, and they fall into two main categories:

  1. Lifetime Mortgages
  2. Home Reversion Plans

Each type of equity release scheme facilitates a different method of releasing the equity in your home, and there are various other useful features available to create the ideal equity release scheme for you, including:

Helping You Find the Right Financial Advice

Take control of your financial planning with the right insights and expert connections. We help you explore your options and refer you to professionals who can provide tailored advice based on your needs.

READ MORE

a hand holding a key with a keychain in the shape of a house

Protected Equity

Many equity release schemes come with a no-negative equity guarantee, and in some cases, there are plans which also enable you to protect a fixed share of the value of your home. For example, if you protected a 30% share in your home, you have a guarantee that a minimum of 30% of your property value is protected for you in later life or as inheritance for your beneficiaries.

Impaired Life

Some providers will allow you to release more capital from the equity release scheme if you suffer from one of a list of health conditions.

Income

Many equity release schemes allow you to release the equity in the form of an income, by releasing the capital in staged payments over your lifetime.

Make informed decisions and build a secure future with a tailored strategy. Through thorough research and scenario analysis, we provide valuable insights to help you explore your options and connect with the right professionals.

DISCOVER MORE

a man with a backpack hiking on a mountain trail

Flexible Drawdown

There are some equity release schemes available with a pre-agreed 'cash reserve'. Like an overdraft, this is a facility which allows you to draw-down cash whenever you wish, so it's ideal for generating funds when required for home improvements, maybe a new car, a special holiday, etc. Interest is only added to the amount drawn, so they can work out much cheaper than other types of equity release schemes, depending on your needs. Flexible Drawdown is a complicated area with both advantages and disadvantages. Please review the dedicated section on this subject within the Equity Release area.

When we tell you about a fee, you will always receive a clear explanation of: The total fee, the advice service it relates to, how it's been calculated, when you need to pay it and your payment options.

Get in touch

When we tell you about a fee, you will always receive a clear explanation of: The total fee, the advice service it relates to, how it's been calculated, when you need to pay it and your payment options.

Warning Text

icon

EQUITY RELEASE (INCLUDING LIFETIME MORTGAGES AND HOME REVERSION PLANS) WILL REDUCE THE VALUE OF YOUR ESTATE AND CAN AFFECT YOUR ELIGIBILITY FOR MEANS TESTED BENEFITS.

Every episode is a gateway to new knowledge and endless inspiration!

Related podcasts

  • service

    Home mover mortgage

    All about the home mover mortgage

    LISTEN NOW
  • service

    Fixed-term employment contract part 1

    All about fixed-term employment contract mortgage

    LISTEN NOW
  • service

    First-time buyers joint mortgage

    All about first-time buyers and Joint mortgage

    LISTEN NOW
  • service

    Do I need a guarantor?

    All about guarantor mortgages

    LISTEN NOW
  • service

    What does a mortgage broker do?

    Gary Boakes explains the role of a mortgage broker.

    LISTEN NOW
Unlock the answers you seek- the best solutions often start with the right questions!

FAQs

Curious about client experiences?

What our clients say

  • Louise
    "Verve are genuinely passionate about your financial future, whether you're 19 or 90"
  • Brenda and Paul
    "We feel positive about our future and feel our finances are in safe hands"
  • Juliette
    "I really love working with Michelle, she went above and beyond to help me get my ideal mortgage"
Stay in the loop

Latest News