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Equity Release section

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Equity Release FAQs
Last update : September 2010
Page summary:
Equity Release including Lifetime mortgages and Home Reversion plans can be complex. Listed below are some of the more common questions and answers.

General Q&A
How old do I have to be to qualify for an Equity Release scheme?
Can I move home with an Equity Release deal?
I still have a mortgage on my property, can I take out an Equity Release plan?
How important is it to shop around for an Equity Release deal?

What happens if I have to move into long term care?
Can I get Equity Release advice from a Charity?
Are there any properties on which Equity cannot be released?

The different styles of Equity Release Q&A
What is a Fixed Repayment Lifetime Mortgage?
Who has to pay for repair costs with Home Reversion schemes?

Costs, charges and Tax Q&A
Is it possible to add the costs of an Equity Release deal to the total loan?
How much does an Equity Release scheme cost?
Can I cancel an Equity Release deal?
Who sells the property on my death?

Regulation and Equity Release Q&A
What is the SHIP code of conduct and why is it important?
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