How equity release schemes work


With an equity release scheme:

  • you have to be above a certain age (normally 55) and the owner of your own home
  • you can get a cash lump sum, a regular income, or a combination of both to spend as you wish
  • you can continue to live in your own home
  • you are the person responsible for the maintenance of your home


The available equity you have in your home is the value of your home assessed as the "open market value"  less any mortgage or other debt secured against it. So equity release can be described as a way of raising the cash value of the equity in your home, but without having to move out of it.


There are two main types of equity release:



The content of these website pages regarding equity release schemes are intended for information and general interest only and should not be taken or construed as advice. Equity release schemes are complex and you should always consider taking professional advice before committing.


Thanks go to "Moneymadeclear" for some of the content on this website about equity release schemes.

Moneymadeclear(tm) from the UK's Consumer Financial Education Body (CFEB). When it comes to your money, their impartial information and tools can help you work out what's right for you.

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