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Unlock tax free cash from your home with equity release mortgage today

Why Use Simple Financial Planning ?

The Right Mortgage

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We have a wide range of lenders, including major banks, credit unions, and other national lenders that will instantly become accessible to you, ensuring that your specific needs are matched to the right mortgage.

Whole of Market

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Allows us to ensure that we are not restricted in Mortgage Lenders we compare to match your needs. This also means we are not biased from one insurance company to another

Dedicated Advisor and Case Manager

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We value keeping you informed along the way. A dedicated advisor and case manager will be assigned to you to keep you informed throughout the complete process

Our Partners

Questions?

If you have some questions, maybe we've already answered them for you

  • How does an equity release mortgage work?

    There are two main types of equity release plan:

    A standard lifetime mortgage is a loan secured against your home which provides you with a tax-free cash lump sum and no required monthly repayments. As with all types of lifetime mortgage, you retain 100 per cent homeownership (some plans allow you to make payments to service the intertest or even reduce the debt)

    Home reversion plans are now much less common than lifetime mortgages, accounting for less than one per cent of the market. With a home reversion plan, you sell all or part of your home in exchange for a tax-free cash lump sum or a regular income, with the right to stay in your home – rent free – for as long as you choose.
    When you pass away or enter long-term care, your house will be sold, and the reversion company will take its share of the proceeds. If you sold the whole property, all of the proceeds will go to the company; if you only sold a percentage, they will take this and the rest will go to your beneficiaries.

  • How Long does it take to release equity in your house?

    An equity release application usually takes somewhere between 6 to 8 weeks for a lifetime mortgage scheme and 10 to 12 weeks for a home reversion plan, assuming the title on the house is clear

  • How much equity can I release?

    Well, that depends on many factors, like the type and value of your home, and your age when you start your plan. It’s likely that the older you are, the more equity (or cash) you can release. Feel free to use our equity release calculator for a guide

  • Will I have to sell my home?

    With a lifetime mortgage from an Equity Release Council member, you have the right to remain in your home until you die or move into permanent long-term residential care.

    Only then will your home be sold, and the outstanding equity release loan be repaid.

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