Equity release providers at a glance

We operate our service by accessing the whole of the market to ensure we can obtain the best terms possible for our clients. We do not work from a single company. Here is an overview of some of the leading names in equity release today.  We are pleased to say we have relationships with all these companies and many more. When buying a lifetime mortgage there are other factors to consider such as set up fees, additional funds in the future, what happens if you change your mind, what if you move home. Our advisers will ensure any product recommended meets your exact needs both now and in the longer term future.

 

Lifetime lender

 Minimum Property value Age of youngest applicant Amont released Minimum release
 

 

 £100,000 55 15% £20,000
 

 

 £70,000 60 20 - 23% £10,000
 

 

 £40,000 60 20% £5,000*

 

 £70,000 55 17% £20,000
£75,000 55 21% £15,000
 

 

 £100,000 55 19% £25,000

* - although Northern Rock offer the lowest property value and drawdown - this will often be an expensive option on small loans due the fees associated with equity release products. Generally, the amount you can release will rise by 1% per year. For example if Aviva offer 21% at age 55 years they will offer 22% at age 56, 23% at age 57 etc.