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Equity Release

Unlock cash from your home and enjoy a more comfortable retirement

Our free calculator gives you an estimate in minutes
Take out tax-free cash with a lifetime mortgage
Expert advice on products across the whole of the market

Try our free Equity Release CalculatorSee if you are eligible

What is Equity Release?

Equity Release is a way for you to unlock tax-free cash from your home. It involves securing a lifetime mortgage against your property or taking out a home reversion product.

Unlock cash from your home if you’re 55 or over.
Get a tax-free lump sum or drawdown from a pre-agreed facility.
Continue to live in your home for as long as you want.

To find out how much equity you could release call our experts today.

0800 756 8059

Lines open: 9am to 5pm Monday to Friday

TextDirect: First dial 18001

We may record and / or monitor calls for training and audit purposes.

Request a free brochure about Equity Release.

Why choose LV=

Everything we do at LV= is focused on finding you a suitable plan through our whole of market equity release advice service. By doing this, we enable people to live financially confident lives.

The Equity Release Council - The equity release products we advise on are protected under the Equity Release Council’s No Negative Equity Guarantee. This means you won’t owe more than the value of your home when you pass or move into long-term care.

A team full of experience - We have over 50 years of collective experience in our team of expert equity release advisers.

The full support of a trusted mutual - Our financial advice is backed by the strength and scale of LV=, with over 180 years of expertise in the financial services market.

Important information about Equity Release

Here’s the need to know info, so you have the full picture

Releasing cash from your home will reduce the value of your estate and may affect your entitlement to state benefits.
You are not required to make repayments, therefore the loan plus interest can grow very quickly.
These are lifetime mortgages. To understand the features and risks ask for a personalised illustration.
There are two types of Equity Release products, a home reversion plan or lifetime mortgage. To understand the features and risks ask for a personalised illustration. Please note, at LV= we don’t offer a home reversion plan option.

Choosing the most suitable product will depend on a number of considerations, including:

How much equity needs to be released and in what form.
The value of the property.
The age of the homeowner.
How much, if any, the homeowner wants to leave as an inheritance.

Equity release requires paying off any existing secured loan or mortgage. any money released, plus accrued interest would be repaid when you die, or if you're moving into long-term care.

Equity release may not be right for everyone and there may be alternative options to consider. as part of our service, we will highlight this to you if appropriate.

Try our free equity release calculator

Our equity release calculator allows you to quickly find out how much tax-free cash you could unlock from your home.

Go to our equity release calculator

Considering your options

Equity Release isn’t for everyone, so it’s important to understand the benefits and what to consider

Get a tax-free cash lump sum.
The tax-free cash can be taken as either a lump-sum or you can 'draw down' the money as income depending on the option you choose.
You still own 100% of your home with a Lifetime Mortgage.
If you pay off your current mortgage with the lump sum, you can choose to spend the leftover cash on whatever you want.

The money you release from your home could affect any means-tested benefits you’re entitled to now or in the future.
The money you release is paid back after you die, from your estate. This means the size of your estate, and the amount you can pass on to your loved ones, could go down.
The money you release from your home is a loan, and interest will be repaid when you die or if you move into long-term care.
You have to take advice to release equity from your home. Initial advice is free, and there is no obligation. If you decide to go ahead and your case completes, a fee of £1,795 would be payable.
Equity Release requires paying off any existing mortgage.