Most equity release plans are structured on an interest roll up basis where there is limited income or interest paid basis which will protect the remaining equity in the home. In some instances up to 10% of the capital borrowed can be repaid after a qualifying period. You can also repay some of the capital...

All Equity Release Council members (formerly SHIP) allow you to move to another property as long as the new property meets the providers lending criteria. This will be dependent on the property value & each case will be considered on an individual basis. If you are downsizing, you may need to reduce part of the...

Yes depending on how much was originally borrowed, and the current value of the property. This can be done either as a top up to your existing scheme, or in some instances, it may be more beneficial to switch equity release providers.

Equity release schemes are not dependent upon repayment ability and therefore a good credit history is not essential but you must disclose all material facts. Not all equity release companies will however accept all types of adverse credit and it would be beneficial to seek the advice from a broker who can research the whole...

This depends on the age of the youngest person on the title deeds & also property criteria. For lifetime mortgages the minimum age is 55 and for a home reversion plan the minimum age is 65.

Yes, providing you satisfy the minimum age requirements.

Typically the minimum property value acceptable in the equity release marketplace is £70,000  

A release of equity can affect certain means tested benefits i.e. pension/savings credit, housing benefit. It is important that you disclose all relevant information during any equity release discussion to ensure that benefits are not jeopardised. A drawdown facility may help to negate this.

Full ownership is retained by you with any lifetime mortgage. However, please note that with a home reversion scheme you will no longer fully own the property.