Equity Release

Unlock the Value in Your Home with Equity Release

Imagine a retirement where your dreams become reality. Equity release allows you to unlock the wealth tied up in your home, providing financial flexibility while staying in the place you love.

Designed for homeowners aged 55 and over, equity release offers solutions such as lifetime mortgages and home reversion plans. These options enable you to access funds from your property without having to move, which you can use for:

• A one-off lump sum
• Steady additional income
• Gifting to loved ones
• Home improvements or renovations
• A dream holiday or second home
• Covering care costs in later life

With equity release, the loan is typically repaid when the property is sold—usually upon the last borrower’s passing or a move into long-term care. If you choose to make repayments during your lifetime, you can reduce the loan balance and preserve more of your estate for your loved ones.

Types of Equity Release Schemes

1. Lifetime Mortgages

A popular option, lifetime mortgages let you borrow money secured against your home while retaining full ownership. Repayments are deferred until the property is sold, typically when the last homeowner passes away or moves into care.

2. Home Reversion Plans
With a home reversion plan, you sell a portion of your property in exchange for a lump sum or regular payments. Ownership is shared with the provider, but you can continue living in your home rent-free for life.

Custom Features to Suit Your Needs

Equity release schemes are highly flexible, offering features that can be tailored to your individual circumstances:

Protected Equity
Safeguard a percentage of your home’s value to leave an inheritance or maintain future financial security.

Impaired Life Options
Certain health conditions may allow you to release more equity due to a shorter life expectancy, providing greater flexibility for your plans.

Income Options
Prefer regular payments instead of a lump sum? Income options can provide steady cash flow to support your lifestyle or financial goals.

Flexible Drawdown
Keep a reserve of funds available for future needs. Interest is only applied to money withdrawn, making this an efficient way to manage costs for home improvements, big purchases, or unexpected expenses.

Is Equity Release Right for You?

Equity release can be transformative, but it’s not the right fit for everyone. It’s important to carefully weigh the benefits against the potential drawbacks:

• It can be costly over time.
• It may affect your eligibility for state benefits.
• It could reduce the inheritance you leave behind.
• Access to grants or other home improvement funding might be limited.

There are alternative options to consider, such as downsizing, using savings, or exploring a traditional mortgage. We’re here to help you assess your situation and choose the right path for you.

Tailored, Expert Advice

At Maplestone, we understand that every homeowner’s circumstances are unique. That’s why our qualified team take the time to understand your goals and provide tailored recommendations. Whether equity release is the right choice or not, we’ll guide you towards the best solution with clear, professional advice you can trust.

With us, you’ll benefit from:

• Access to the whole market for the best possible options.
• Transparent advice, free from jargon or confusion.
• A personalised approach that puts your needs first.

Your Next Steps

Equity release is a major financial decision, so we strongly recommend seeking independent legal advice to ensure you fully understand the commitment. Let us help you explore the options, compare plans, and unlock your home’s potential—on your terms.

Talk to us today and take the first step towards a more flexible retirement.