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3.12% Fixed For Life Age UK Equity Release Schemes

Age UK Equity Release Plans

Find out if an Age UK Equity Release plan is ideal for your retirement.

  • 3.12% APR fixed for life
  • Free home valuation
  • No equity release adviser fees
  • Up to 65% percentage release amount
  • Optional monthly payment
  • No age limits
  • Minimum age of 55 years old
  • It can be used to get a tax free lump sum to pay off an existing mortgage
  • No early repayment charges

 

  • Free No Obligation Quote

  • Please enter a number from 3000 to 2000000000.
  • Please enter a number from 30000 to 100000000.
  • Leave blank if no mortgage outstanding
  • About You

Yes, Age UK equity release is a great option for UK homeowner retirees

Yes, Age concern equity release can be ideal for many pensioners that are UK homeowners

There is no best age to do equity release, the only criteria is you have to be over 55 years old and be a UK homeowner.

The negatives of equity release is the fact that the size of your estate will be reduced.  Martin Lewis equity release can give you an excellent overview.  It was generally years ago when rates were higher when you heard the equity release horror stories.

The minimum age is 55 years old, this is one of the 4 little known truths about equity release.

You prove income and you get a remortgage, mortgage or secured loan.  The ER lower age limit is fixed.

Age UK does not have equity release age limits in terms of an upper age limit.

Yes, you can find the minimum age threshold for equity release on the age uk equity release fact sheet.  All equity release providers should have a fact sheet as part of the equity release advice.

It’s basically a loan that you pay interest on, but you don’t pay the interest until your house is sold.  There are some equity release companies to avoid but Age UK equity release is not one of them.

Age concern equity release schemes work with roll up interest.  It is a loan secured on the property value of your home.  Age UK lifetime mortgages are getting more and more popular in 2022.

Can I make monthly repayments?

Yes, you could get a better interest rate if you can make a monthly payment.

What about home reversion schemes?

These products involve you selling all or part of your home.  Home reversion schemes may be good if you think house prices are going to go down in your lifetime.

https://www.concisefinance.co.uk/stafford-railway

https://www.concisefinance.co.uk/hinckley-and-rugby

Could my means tested state benefits be impacted?

Yes, your means tested state benefits could be reduced or removed completely.

Age UK Equity Release service providers can tell you if you can release money, based on the market value of your home without arrangement fees.

https://www.ageuk.org.uk/information-advice/money-legal/income-tax/equity-release/
lifetime mortgages

equity release providers

https://www.concisefinance.co.uk/penrith

https://www.concisefinance.co.uk/cumberland-equity

https://www.concisefinance.co.uk/skipton-equity-release

 

mrs-daly multiple plans
What is the equity release calculator?

The equity release calculator will help you find how much equity you can release.  The loan repayment is done when the home is sold.   You should think hard before taking equity release and a big lump sum at the maximum percentage.

cheaper area
How do equity release providers set interest rates?

One of the main considerations is the yields on the 10-year and 15-year government bonds.  The age UK equity release rates are very good.

home reversion plans

https://www.concisefinance.co.uk/hsbc-retirement-mortgage

https://www.concisefinance.co.uk/swansea

https://www.concisefinance.co.uk/furness-equity-release

https://www.concisefinance.co.uk/earl-shilton

https://www.concisefinance.co.uk/nationwide-70

https://www.concisefinance.co.uk/chorley-and-district

Age UK equity release contact number

020 3033 1430 or email media@ageuk.org.uk

Age UK, 7th Floor, One America Square, 17 Crosswall, London, EC3N 2LB. Registered charity number 1128267. Company number 6825798. © Age UK Group and/or its National Partners (Age NI, Age Scotland and Age Cymru) 2022.