Equity Release Guide
Essentially, equity release is available to anyone who is aged 55 and over and wants to relieve cash from their property. The amount of equity that you are able to release from your home will depend on a few variable factors such as how much your home is worth, your age, and outstanding payments still left to pay on your property. Equity release can be used however you see fit. For example, helping your children with money difficulties or using it for home improvements.


How much equity can I release?
How much equity you can release has a lot to do with how much money your property is worth overall. It’s difficult to give an exact figure as it depends on many variable factors but if you are over age 55 and you’re looking to release equity from your home, it’s highly likely that the percentage will be anywhere between 20% and 60%.
How to release equity by remortgaging?
Remortgaging with an equity release is a popular option for many people and one that should be considered if you’re looking to release money from your property/home.
How long does equity release take?
How long an equity release takes can vary depending on your individual circumstances. However, it’s estimated that the average equity release is likely to take around 8 weeks. When you work with a mortgage broker just like Thameside Mortgages, we’ll always keep you updated with the expected timeline. The process starts with an equity release application before proceeding to get your application accepted and receiving all funds you have applied for.
Can I sell my house if I have an equity release?
Yes, of course, although it’s important to understand if there are likely to be any fees for selling your property.
Who can apply for equity release?
In the vast majority of cases, you need to be at least 55 years old to qualify and apply for equity release. Although providers’ policies can vary, the standard age in the industry for equity release applications is indeed 55. If you have existing debt secured against your current property, this will likely need to be paid off before you can submit an application.
The Financial Conduct Authority does not regulate building surveyors.
Thameside Mortgage Ltd are not regulated by The Royal Institution of Chartered Surveyors, we do not have any involvement in the provision of this type of service / activity. We are not qualified surveyors and the information provided on this website is for informational purposes only. The information provided is not intended to be a substitute for professional advice, inspection, or survey.
It is important to seek professional advice and to undertake a proper survey/inspection before making decisions or taking actions related to a property.
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