What is equity release?

Equity release is a means of releasing a tax-free lump sum from the equity locked in your home.

There are typically no monthly repayments to make. Spend the money on anything you like from helping with the costs of living, to helping grandchildren onto the property ladder, to making home improvements or even travelling and seeing the world!

Taking out an equity release plan will reduce the value of your estate and could affect your entitlement to state benefits.

Who can take out a plan?

To qualify for equity release you must:

  • Be aged 55 or over – both applicants if couple.
  • Own and live in the property you wish to release equity from.
  • Be able to release enough equity from your property to enable you to fully pay off any outstanding mortgage or secured loan.

Your property must be:

  • Valued at least £60,000.
  • In the UK (including Northern Ireland).
  • Either freehold or leasehold, with a minimum lease period of 75 years remaining.
  • Of standard construction and in good condition.

Popular tools and services

Rated No. 6 of 519 in Money

Rated No. 6 of 519 in Money

Our customers rate us

Latest reviews

first class service from start to finish

Your adviser George Knowles made feel at ease from the start he gotThe best equity release plan for my needs he kept me informed fromStart...

Mr Peters - 11 hours ago

Read review on Trustpilot

excellent service

Unlike other companies we looked at, key retirement did not pressurise us to make a decision, we were given the information and left to make...

Mr & Mrs Williams - 13 hours ago

Read review on Trustpilot


We would like to express our thanks to Kevin Anniston from Key Retirement for all the hard work, help and patience that he showed to...

Geoffrey Ward - 13 hours ago

Read review on Trustpilot

This is an equity release plan. To understand the features and risks ask for a personalised illustration.

If you are considering equity release we recommend that you read through is it right for you? carefully.