Can I get Equity Release if I already have a mortgage?
Yes. Repaying an existing mortgage, especially an interest-only mortgage that is coming to an end, is one of the most common reasons that clients take equity release. The only condition is that the equity release is the only ‘charge’ against your property on completion.
When you are considering taking out an equity release product we highly recommend you consider other alternatives that may be more suitable for you.
Why choose Optimus Mortgages?
Our initial consultation is completely free, and there is absolutely no obligation to proceed.
We have decades of experience in financial services, and being completely independent and whole of market lifetime mortgage brokers means that we are not tied to any lender or third party, allowing us to make sure we get you the best deal.
You will be designated your own dedicated specialist equity release adviser, with their own direct email and telephone number, so you can be confident that you will always be dealing with the same person.
Our fully qualified equity release specialists will always deal with you in plain English, not jargon.
With our easy to use client portal you can receive updates on the progress of your application 24 hours a day, seven days a week, as well as being able to securely upload and review documents.
We offer a competitive and transparent fee structure.
Use our free calculator
See how much tax-free cash you could release from your home with our our free equity release calculator
Speak to an adviser
Book an appointment with a specialist adviser at a time that is good for you
Optimus Mortgages offer lifetime mortgages, which is a loan secured against your home. Equity release will reduce the value of your estate and may affect your entitlement to means-tested benefits.