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Since 2009, we've assisted countless clients in securing the best solution for their personal circumstances.
Navigating the market can be challenging, but with Veracity Financial Planning, you're never alone.
Sam joined Veracity in October 2025 after a career change from service in the Royal Marines. He completed his mortgage & protection qualifications in Summer 2025 and is integrating into the industry surrounded by those at Veracity.
Whether you’re a first-time buyer, home-mover, exploring your refinancing options, or looking into investment properties, Sam is here to help simplify the process.
Sometimes lifetime savings are held purely within the home that you live in, leaving little cash available to use freely. This lifetime of savings may have been harder won than another person’s, with the same level of lifetime savings but structured differently as part home and part cash where cash is more freely available to use.
Equity Release allows money that is tied up in your house to be released and used for various needs without moving home, such as:
Equity Release allows money that is tied up in your house to be released and used for various needs without moving home, such as:
To help determine whether equity release is right for you, we’ll explore your personal and financial situation, along with your future goals—both during your lifetime and after. We’ll also discuss alternative options that may be more suitable. If you wish, your family members are welcome to be part of the conversation to support your decision-making.
It’s important to understand that equity release will reduce the value of your estate, which may affect what you leave to your loved ones or have available for future care costs. Most Lifetime Mortgages follow Equity Release Council rules, including a ‘no negative equity guarantee’—ensuring you’ll never owe more than the value of your home, and your estate won’t be left with debt from the loan.
The main form of equity release is a Lifetime Mortgage, which lets you retain full ownership of your home. There are no required monthly repayments, as interest is typically added to the loan, causing the amount owed to grow over time. While your property may increase in value, this isn’t guaranteed. The interest rate is fixed at the time the loan is drawn and remains unchanged for the life of the plan.
If you want to reduce how much the loan grows, you can choose to make monthly interest payments—starting from around £25—or pay off lump sums when affordable. The loan has no fixed term and is usually repaid when the last borrower dies or moves into long-term care. If you move home, the loan may be transferable, depending on the new property.
You must be aged 55+ to take out a lifetime mortgage, and the amount you can borrow increases as you get older. Typically, the amount available increases at about 1% per year as follows…
Medical conditions and lifestyle factors may achieve higher loans in certain instances.
Recent changes in the market have introduced new hybrid plans which may allow higher loan to values, if appropriate and circumstances allow.
The Equity Release Council (ERC), formerly SHIP (Safe Home Income Plans), is the industry body that sets high standards and safeguards for equity release providers and consumers. It promotes secure and transparent lending, with guarantees such as the right to remain in your home for life and a no negative equity promise—meaning you’ll never owe more than the value of your property.
Membership in the ERC reflects a provider’s commitment to responsible lending. Members must follow a strict code of conduct, including clear disclosure of all costs, mandatory legal advice from a solicitor of your choice, and lifetime occupancy rights. Not all equity release plans carry these protections, so choosing a provider who is a member of the ERC is strongly recommended for peace of mind and consumer protection.
