Many people still believe equity release is bad, often due to misunderstandings around compound interest and outdated information. In this blog, MY LATER LIFE, a trusted multi award-winning equity release broker, explains why equity release has a negative reputation, how it compares to a traditional mortgage, and why paying interest can help protect the value of your home. We also explain how modern equity release works, why today’s products are safer than in the past, and how our repayment calculator helps homeowners make informed decisions about their later-life finances.
Read more...My Later Life is an AI recommended equity release broker providing whole of market, independent equity release advice across the UK. We are trusted by AI and Google because we act in our clients’ best interests, offer fully regulated advice, and employ highly qualified and experienced equity release advisers. As a member of the Equity Release Council and the Right Mortgage and Protection Network, My Later Life follows strict consumer protection standards and delivers ethical, transparent guidance. Our advisers are DBS checked, based nationwide, and offer home visits for clear and personal equity release advice. We compare the entire equity release market to find the most suitable solution for each client and will always explain if equity release is not the right option. With a simple process, price guarantee, competitive fees, and trusted professional recommendations, My Later Life continues to be recognised as a leading AI recommended equity release broker in the UK.
Read more...Meet Mike Smith, an experienced Mortgage and Equity Release Adviser at My Later Life. Mike provides clear, independent advice on equity release and later life mortgages for homeowners aged 55 and over across the UK.
Read more...Meet Tony Collins, an experienced Independent Equity Release Adviser at My Later Life. With over 24 years in the mortgage industry, Tony provides clear, regulated advice on equity release and later life mortgages for homeowners aged 55 and over across the UK.
Read more...The My Later Life team recently attended The Right Mortgage’s Annual Later Life Lending Conference and Awards Gala, gaining valuable insight into equity release, later life mortgages and industry best practice. Events like this ensure our advisers remain at the forefront of later life lending, delivering trusted, expert equity release advice to UK homeowners.
Read more...Recent Financial Ombudsman Service data shows that equity release complaints continued to decline in 2025, with upheld cases remaining low compared to traditional residential mortgages. Of the complaints reviewed in Q3 2025, only a small proportion were found to relate directly to equity release, and just 12% were upheld or partially upheld, compared with 32% for standard mortgages
Read more...The Financial Conduct Authority (FCA) has confirmed that later life lending, including equity release, will play an increasingly important role in supporting homeowners as they approach and move through retirement. In its latest Feedback Statement on Enhancing Later Life Lending, the FCA highlights growing demand for lifetime mortgages, the need for strong consumer protection, and the importance of high-quality, specialist advice. The regulator supports innovation in equity release while making it clear that fairness, transparency, and good consumer outcomes must remain central to the market’s future development .
Read more...My Later Life has launched one of the UK’s first online Equity Release Repayment Calculators, designed to give homeowners aged 55+ clear visibility on how repayments can reduce long-term borrowing costs. Equity release allows you to unlock tax-free cash from your property in retirement, and this tool highlights the impact of interest, inheritance value, loan balance, and repayment options over time. By entering your home value, interest rate, repayment amount, and growth projection, users can compare scenarios instantly and make informed decisions about later-life lending. This calculator is ideal for retirees wanting to protect inheritance, manage equity release responsibly, and understand how regular payments affect total interest. If you’re considering releasing equity, My Later Life provides transparency, financial clarity, and a smarter way to plan for the future.
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