Could my family inherit my Equity Release debt?
No. Equity release lenders must subscribe to the Equity Release Council, which has a regulatory code of conduct which states that all plans come with a ‘no negative equity’ guarantee, so you will never owe more than your home is worth and there will never be a debt for your family to take on.
Where interest is rolled up, it can quickly increase the amount owed. Releasing capital from your property, will reduce the amount of inheritance that can be left and may impact the receipt of any means-tested benefits.
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.