Freephone 08080 555 222 Open 7 days a week We're here to support you, find out more about how we can help Home Equity Release Pension Income Mortgages Insurance Plan Ahead Home Equity Release Equity Release Schemes Home Reversion Plan FREE Equity Release Calculator Estimated property value: £ ,000 Outstanding mortgage: £ ,000 Age of youngest homeowner: Email address: Calculate In Seconds By supplying your email address, you are confirming that you are happy for us to contact you via email regarding products and services relevant to your enquiry. In this section Equity Release Service What is Equity Release? Lifetime mortgages Drawdown lifetime mortgages Interest-only lifetime mortgages Home reversion plan Equity Release Plans Existing Customers Our customers love us! ”Excellent“ Trust Score | 7,000+ Reviews Home reversion plan A home reversion plan is a type of equity release that is less popular than the alternative, which is a lifetime mortgage. A home reversion plan allows you to exchange the ownership of some or all of your property for a lump sum of cash; in addition to giving you the right to stay in your property, rent-free, for as long as you live subject to the lenders terms and conditions. This is also known as a ’lifetime lease’ and is only available to those who are aged 65 or over. Age Partnership equity release services offer home reversion plans as part of the equity release product range. We also provide whole of market lifetime mortgage advice with access to preferential plans from some lenders. Advantages Disadvantages ✔ The cash you release is tax free and can be spent how you wish. ✔ There are no monthly repayments to make as no interest is payable. ✔ You can benefit from any future increase in the value of your property from the proportion you retain. ✔ The older you are, the more money you will generally be able to release. ✔ You can typically raise a larger sum from your home with a reversion plan than would be available with a lifetime mortgage. ✔ Plans are portable which means it is possible to move home in the future, subject to criteria. ✔ You can remove your home entirely from your estate to reduce any potential inheritance tax. ✔ You know at the outset what share of your home you will be leaving to loved ones in your estate. ✔ You are able to guarantee an inheritance with the remaining part of the property. ✔ Plans can allow you to protect an inheritance for your family. Other alternatives to equity release An equity release plan is not the only option if you wish to free up some cash in retirement. Downsizing the property, or borrowing money from a close friend or family member, could be a preferable alternative to releasing equity from the home. Please call us today for a no-obligation chat on Freephone 08080 555 222 . Our friendly advisors are ready to answer any questions you may have. Equity release may involve a home reversion plan or lifetime mortgage which is secured against your property. To understand the features and risks ask for a personalised illustration. Equity release requires paying off any existing mortgage. Any money released, plus accrued interest would be repaid upon death, or moving into long-term care. Popular Next Steps FREE Equity Release Calculator Request an instant call back Call us now: 08080 555 222 Things to consider As multi-award-winning equity release specialists we provide informative impartial advice covering your options as well as explaining how equity release will affect potential inheritance and how your entitlement to means-tested benefits could be affected now or in the future. We provide initial advice for free and without obligation. Only if you choose to proceed and your case completes would a typical fee of £1,795 be payable. Equity release requires paying off any existing mortgage. Any money released, plus accrued interest to be repaid upon death, or moving into long-term care. Award-winning retirement income specialists. Headquarters: 2200 Century Way Thorpe Park Leeds, LS15 8ZB Popular Pages Equity Release Service Pension Income Service About us Contact us Business partners Careers Popular Tools Equity Release Calculator Pension Income Calculator Pension Tax Calculator Drawdown Calculator Fixed-Term Annuity Calculator Annuity Calculator Follow Us Facebook Twitter LinkedIn Youtube © 2021 Age Partnership | Age Partnership Limited is authorised and regulated by the Financial Conduct Authority. FCA registered number 425432. * The UK’s number 1 equity release advisor is based on volume of plans, Touchstone data 2018 – Q3 2020. Cookie Policy Privacy Policy Terms of Use Slavery and Human Trafficking Site Map Contact Us