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Get more from your retirement with equity release

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We provide independent advice on the whole of market, so we can provide the most suitable option for your needs.

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Who are we?

As experienced later life lending specialists, we take pride in helping our customers get the most out of their retirement.

We provide independent advice on the whole of market, so we can provide the most suitable option for your needs. We are happy to provide an initial free no obligation consultation in your home.

Our advice is fully independent and regulated by the Financial Conduct Authority (FCA).

Equity Release Specialists

What is equity release?

Equity release allows you to access the value held up in your home and turn it into money you can spend as you wish.

How much equity you can release depends on your age, how much your property is worth and how much you choose to borrow.

People over 55 often have little or no outstanding mortgage and lots of value tied up in their home. Many others have an interest only mortgage and no way of repaying it.

Equity release could help in either of these situations.

Equity Release Specialists
Is equity release right for you?

Is equity release
right for you?

Here at My Later Life Planning we will ensure that we only recommend a plan that is right for you after having taken into account all your personal circumstances. We have access to all the 500+ Lifetime Mortgage plans now available in the market place, some will be suitable some not, it is our job to get the best one for you. We will advise you in an honest and personal way that you will fully understand. We will walk this journey together for your benefit.

Please remember, all Lifetime mortgage interest rates are fixed for life.

Release equity from your household

We can also show you and can demonstrate how to keep the interest on your mortgage plan under control if you choose to do so, point out plans where no monthly repayments are required, we can build in safeguards such as guaranteeing an inheritance for loved ones. It is also our duty to advise you if we professionally believe that Equity Release is not the right thing for you.

Compare a wide range of Equity Release plans we can offer...

  • Annual rates from as low as 2.97% fixed for life.
  • Release up to 56% of your home's value, depending on your circumstances
  • Fully qualified, expert equity release advice
  • Available to homeowners aged 55 and over
  • Select features to personalise your plan based on what matters to you
  • All of our plans will meet the Equity Release Council standards which means they come with the no negative equity guarantee, so you can't pass on any debt through equity release to your beneficiaries

We understand that everyone's needs are different. That's why we will always personalise your equity release plan to make sure it's right for you.

How it works

Our team takes a holistic approach to retirement planning to give you a fair, unbiased and efficient way of raising the money you need.

Step 1. Have a chat with one of our advisers.

Step 2. We'll find a product that suits your needs.

Step 3. Your application is made and an independent solicitor confirms your application.

Step 4. Complete and your funds are released to your bank account.

Our steps to equity release

Pros & Cons to Consider

  • No monthly repayments

    With a lifetime mortgage – the most popular form of equity release – there are no monthly repayments for you to make, as the loan, plus roll-up interest, is repaid when your plan ends.

  • Lump sum or drawdown

    Choose whether to receive your tax-free cash in one go or in stages following an initial release (only release what you currently need)

  • Downsizing protection

    After five years, if for any reason you need to move home, you can repay your loan in full without penalty if your new property doesn’t meet the lender’s criteria.

  • Inheritance protection

    You can ring-fence a percentage of your home’s future value to be passed on as a guaranteed inheritance, regardless of how much interest accrues.

  • Partial capital repayments

    You can make voluntary, ad-hoc repayments towards the interest and capital amount borrowed to reduce the size of the loan on which interest is charged, (limits apply)

  • Medically Enhanced

    If you, or any other applicant, have any health problems or make certain lifestyle choices, like smoking, you could be able to release more of your home’s value.

  • Benefit Entitlement & Long Term Care

    Taking equity release could result in your entitlement to means tested state benefits being reduced or removed. It can also have an affect on any funding you might receive for care services. Local authorities and the Government use your income and savings to decide if you need means tested state benefits. Equity release is also called a lifetime mortgage and allows you to borrow money against the equity held in your home.

  • Pension Credit

    If you receive pension credit then you also qualify for other benefits including Housing Benefit, Council Tax Reduction, Cold Weather payments and help with NHS services. You should check the impact of losing these benefits compared to your gains of receiving equity release.

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