Find out the best options for Equity Release under 55.
- UK Home Equity Release Under 55 at 5.06% APRC
- No lenders fees
- Free valuation
- One of the new types of equity release with a new lender from 1st February 2025
- Lender not featured on the comparison websites
- No redemption penalties/early repayment charges
- Retain ownership of your home
How much can I release?
You can release 70% of your property’s value. For example, if your home is valued at £350,000 you can get £245,000.
Equity Release is usually for people over 55, but you can get it for those under 55. Release equity in houses under 55 is very popular because of the number of TV ads for equity release. If you want to release equity in a house under 55, you could consider selling your home and buying a smaller house or a flat. Avoid the problematic age restrictions many building societies have with Concise Finance on a case-by-case basis with an equity release adviser.
The Concise product is very different from traditional equity release products, but it is still administered by an equity release specialist. However, the product is covered by the equity release council.
Customer Testimonials
Ms G from Dover
I divorced my husband, who was a violent alcoholic. I feared losing my home as I sometimes looked after my daughter’s children. My Equity release scheme enabled me to pay off my ex and stay secure in my house. I looked at home reversion plans, which were not a great idea. I needed to get an equity release, and it turned out well. I am glad I don’t have any mortgage repayments, and I still have my pension payments. My credit report is very healthy. I now save money each month.
Mr Williamson from Chiswick
My son is a chef in a care home. He is not well paid, and his bank would not lend him the money to buy a flat. However, my equity release let him deposit a substantial deposit, so his mortgage was tiny.
My equity release interest rate was close to the interest rate offered by his bank. I got legal advice from my solicitor. A home reversion plan wasn’t ideal as I wanted to own 100% of my home and get more equity over time.
Sandra from Manchester
I was looking for an equity release, and I realised I needed to get an equity release so that I could keep 100% ownership of my home. I got an equity release plan to give money to my daughter to buy a house. Without the money I borrowed, her buying a home would have been impossible. The upper age limit was not a problem.
Mrs Shaw from Lancaster
I had an interest-only mortgage with Birmingham Midshires plus a second charge. The mortgage ended its term, and they wanted the £ 127,000 back, which I still owed them. My lifetime mortgage saved me from losing my home, and the rate was close to what I paid before. The equity released by the mortgage advisor was only a tiny part of my property value, and I had no problems with age limits.
Mrs Daly from Glasgow
My daughter lives in the States and does not have health insurance. My £ 30,000 lifetime mortgage paid the medical bills for her son’s birth and a year’s rent in advance for a new flat for the baby. The mortgage brokers helped me pay off other debts, so I had more monthly cash.
The age requirements for smaller amounts and other factors did not prove problematic. I still have money left after I allocated the loan amount to the priorities.
Mrs M from Birmingham
With no broker or lender fees, I got an interest-only retirement mortgage, which I pay monthly from my private pension. The money released went to my daughter for her wedding and a deposit for her next house. She wanted a family, and her flat was too small.
Mrs E from London
My outstanding mortgage needed to be repaid to the existing lender. I thought I was going to lose my house. Thanks to Concise, I got an equity release to pay off my mortgage, and I also paid off my loans and some legal fees.
David P
With my power of attorney, I got an equity release on my father’s house to pay for disability provisions, including a lift and a new kitchen.
UK-based lenders for UK property titles
- NatWest Lifetime Mortgage Over 55
- Barclays Retirement Interest Only Mortgage Home Reversion Plan
- Chorley and District Building Society house construction lifetime mortgages
- Age Partnership Interest Rates
- Nationwide Equity Release Plans
High Loan to Value equity release under 55
- YBS Lifetime Mortgage Maximum Ltv
- Bad Credit Mortgage UK
- Halifax Equity Release From Property
- Best Mortgages For Over 50s Retirement Mortgage Calculator
- NatWest Equity Release Plans
Some of the lowest rates are from these lenders – equity release under 55
- nationwide mortgages for over 60s Retirement Mortgages Broker
- Equity Release in-house under 50
- Yorkshire Bank Equity Release From Property
- BISF Equity Release Drawdown
How do I release equity from my house
Concise Finance will find a lender, not one on the comparison sites, to release the funds.
Complex to mortgage property types can include properties with post-1945 asbestos or similar composition roof tiles, properties with spray foam insulation applied to the underside of the roof, privately developed flats, maximum four storeys with a lift, freehold/feuhold flats (Scotland only) and privately developed flats in blocks of three or four storeys without a lift.
Other lenders are not to release equity in house under 55
Challenging to finance home variants can include grade ll Listed houses, properties converted from modern commercial premises, properties without direct access to an adopted highway or which are accessed over an unmade road, properties with flying or creeping freeholds and properties which have been built on a previously contaminated land are acceptable provided the result of an environmental search determines the land to be clear of contamination.
Some features:
- No arrangement fees similar to over 55 equity release
- No minimum age or variable interest charges
- It can be used for home improvements like a new kitchen or new bathroom
- Get one lump sum and then extra funds in the future, unlike a conventional mortgage
- Spend your spare income on yourself like other equity release plans
- Home reversion schemes are very different. You sell part or all of your homes, which most lenders don’t do, but you can live rent-free without being exposed to interest rates.
- Not available on the online comparison sites equity release for under 55
