What is Equity Release?

Releasing equity enables homeowners over 55 to unlock their property’s value without selling, offering either a lump sum or regular income. It’s ideal for boosting retirement income, funding improvements, or helping family, all while staying in, and continuing to own your home.

How can Equity Release be helpful to you?

It could provide the extra financial support needed in retirement, offering flexibility for expenses, home projects, or family assistance. It’s crucial, though, to weigh its effects on estate value and inheritance.

Unlock the Wealth in Your Home with Equity Release through Everest Estate Planning and Our Trusted Partners, learn more about them here >

Imagine turning the value of your home into a flexible financial resource, without the need to sell or move out. With the increasing range of solutions offered through our trusted partners, this possibility becomes a reality. Our plans are designed to support a comfortable and fulfilling retirement, giving you access to the wealth tied up in your property while ensuring you continue to live in and own the home you love.

Clients can also use Equity Release to provide extra funds if needed, to purchase a property of their choice.

Why consider Equity Release?

Financial Freedom

Embrace the retirement you’ve always envisioned with Equity Release. By unlocking a tax-free lump sum or opting for regular payments, you have the freedom to supplement your income, undertake much-needed home renovations, or provide financial support to your loved ones. This newfound financial liberty allows you to make the most of your retirement years, pursuing passions and projects with the financial backing they require.

Stay in Your Home

One of the greatest comforts in later life is the familiarity and security of your own home. Releasing the equity affords you this luxury, eliminating the need to downsize or relocate. You can continue to live in the home you love, surrounded by memories and close to your community, all while accessing the wealth you’ve built up in your property. It’s the perfect solution for those who wish to age in place gracefully.

Tailored Solutions

Recognising that every homeowner’s situation is unique, our trusted partners are committed to providing plans that are precisely tailored to meet your individual needs and financial circumstances. Whether you require a significant lump sum for a major life event or smaller, regular payments to enhance your monthly income, our partners work with you to establish whether Equity Release is suitable for you and, if so, identify the plan that best fits your lifestyle and goals. This bespoke approach ensures that you receive the most beneficial and appropriate financial solution.

Peace of Mind

The decision to release equity from your home is significant, and peace of mind is paramount. Our products are fully compliant with the Equity Release Council’s stringent standards, offering key protections such as the no negative equity guarantee. This means you’ll never leave behind a debt that is more than your home’s worth, ensuring your financial safety and protecting your estate. With these safeguards in place, you can move forward with confidence, knowing that your financial well-being is secured.

Martyn Lewis, with over 40 years of experience in Financial Services, provides expert advice and solutions through Access Equity Release. With a decade at the Financial Conduct Authority, Martyn possesses a deep understanding of client needs and outcomes. Based in Bromley, Kent, Martyn extends his services nationwide, assisting clients in unlocking the potential of Equity Release to achieve their life goals. Everest Estate Planning proudly partners with Martyn to offer tailored Equity Release products, ensuring clients receive comprehensive support and guidance.

Equity Release Frequently Asked Questions

Who is eligible for Equity Release?

Typically, homeowners over the age of 55 with a property in the UK are eligible. The property’s value and your age are key factors in determining how much you can release, and the rate of interest charged.

How does it affect inheritance?

This will depend on how you use the monies raised and should be discussed with your advisers. Releasing equity in your home can reduce the value of your estate, potentially lowering the inheritance you leave to your beneficiaries. It’s crucial to discuss this with your family and consider their views.

Can I move house if I've release equity in my home?

Yes, most plans are transferable to a new property, subject to the new property meeting the lender’s criteria.

Are there any repayments to be made?

With a lifetime mortgage, the most common type of Equity Release, there are typically no monthly repayments required. If clients prefer to make payments, these can be made on an optional basis.

The loan, plus interest, is repaid when the property is sold after death or moving into long-term care.

Is Equity Release safe?

Equity Release products from providers who are members of the Equity Release Council come with several protections, including the right to remain in your home for life and a ‘no negative equity’ guarantee.

Why choose Everest Estate Planning?

Mark is not just about the paperwork; he has your best interests at heart.
His commitment to excellence is backed by his membership in The Society of Will Writers, ensuring adherence to industry standards.
With a friendly and approachable style, proven by the satisfaction of hundreds of clients who've entrusted him with their important documents over the years.
To put your mind at ease, Everest Estate Planning has £2 million Professional Indemnity Insurance.
If you need references, just ask. We have many satisfied clients happy to share them.

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Mark is a genuine, professional and sincere gentleman. I needed to set up LPA and to get my Will sorted, but I had no real understanding on the ins and outs and implications of my decisions other than I needed to do it as soon as possible. Mark went to great pains to make sure I fully understood all decisions I undertook and the implications of things as I might not have thought about putting down in writing and how important it is to do this correctly. It also took a lot of time to explain how LPA’s work. His patience and understanding Was endless, no matter how many times I wanted to revisit or change wording etc he was more than accommodating. Mark then came to my Home for final signatures and again quickly covered everything before I signed and everything was witnessed. I would not hesitate in recommending Mark however simple or complicated you think your Will might be, you will be in very safe hands It’s horrible to talk about costs but he charges an extremely fair sum of money for completing such a fantastic job. Thank you Mark

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My family has been working with Mark Everest for a number of years and we find him extremely helpful, explains things in a clear and understandable way as well as offering exceptional value for money. I cannot stress the importance of dealing with financial matters before issues can create problems in the future, someone once said "Pay for good advice as poor advice will cost you much more in the long run"

Very professional, genuine down to earth gentleman that made the whole experience a pleasure. From start to finish Mark made me feel at ease. He made what I thought was going to be an overwhelming task a very pleasurable experience. I had been putting off writing my Will because of all the decisions & legal jargon involved. I can honestly say the way Mark talked me through everything & explained it in my language made me feel so comfortable. It was a pleasure to do such an important legal document with him. I am so glad I used Everest Estate Planning. Mark is so professional, knowledgeable and shows lots of empathy while taking you through every step of the process. I very highly recommend Everest Estate Planning you will not be disappointed 5 ⭐️ ⭐️ ⭐️ ⭐️ ⭐️ service.

We would highly recommend Mark for his friendly and professional service.He explained the making of our wills and power of attorney at every step for us to clearly understand.

Mark is an excellent choice for estate planning. He is extremely knowledgeable and professional answering any questions that might arise in the process. Mark is incredibly warm and personable making the process pain-free. I highly recommend.

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