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Will I still own my home with Equity Release?

There are a number of different equity release plans available.

 

A lifetime mortgage is a loan secured against your property that runs until you either enter permanent, long-term care or you die. There are a number of different types available and you are not required to make any repayments, but you can if you wish to. If you decide not to make repayments, the interest is added to the loan amount and can quickly increase the amount owed.

A home reversion plan allows you to exchange the ownership of some or all of your property for a lump sum of cash, along with the right to stay in your property, rent-free, for as long as you live subject to the lender’s terms and conditions. These plans involve the sale of part, or all, of the property and would result in a change to the title deeds and the sale will only achieve a percentage of the property value.

 

Equity release may involve a home reversion plan or lifetime mortgage which is secured against your property. To understand the features and risks ask for a personalised illustration.

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

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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.

To safeguard your health, our expert advice is now available over the phone or via video appointment, whichever is right for you. If you are interested in finding out more, please get in touch, either online, or by calling us on 03330 067783. Click here for more info.

See how much tax-free cash you could release from your home with our free equity release calculator

Fast, easy and secure - No obligation to proceed