Equity Release

  • Extensive lender panel
  • Hundreds of Equity Release plans available for the over 55's
  • Roll up available so no payments required
  • Retirement Interest Only mortgages for the over 50's
  • No Upfront fees
  • Free valuations on most cases





Do I qualify for a Lifetime Mortgage?

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Getting approved for a lifetime mortgage is generally more straightforward than taking out a traditional repayment mortgage. Being approved is primarily subject to you being able to answer `Yes` to the following questions:

  • Are you aged between 55 And 90?

  • Is your property worth more than £70,000?

  • Do you own your own home? (With or without a Mortgage is fine)

  • Looking to borrow between £10,000 & £500,000?

  • Do you currently live in England, Wales, Scotland, or Northern Ireland?

If you can answer `yes` to these questions the next step is to find out your options without any obligation or pressure whatsoever.

To get the facts and figures via a confidential free quotation please call our UK adviser team for free on 0800 0159 295 or dial 0330 0536001 (mobile friendly) alternatively complete our short online enquiry form and we will contact you at your convenience.

Why choose Optimise to help?

  Choose options from the best UK providers

  Every quotation is free and confidential

  Get all the facts and figures before you decide

  Access exclusive later life lending products

  Directly authorised by the Financial Conduct Authority

  Our advisers hold specific qualifications to help you


How can I spend the money obtained?

The funds can be used for virtually any legal purpose. Some common examples are listed below:

  • Additional tax-free income to improve lifestyle.

  • Carry out renovations or improvements to the home.

  • Clear an existing interest-only mortgage on the property.

  • Help family members pay for wedding or university fees.

  • Assist children or grandchildren with a deposit for a home.

  • Make a major purchase such as a new car, a caravan, or a luxury holiday.

  • To consolidate burgeoning debts such as credit cards and loans.

What if I have a low income or suffer from poor health?

Neither of these circumstances will prevent you from being accepted. Lenders are primarily concerned with the current condition of your home and the amount of equity you have in it. We also have lenders and plans who will accept you even with adverse credit.

Low Income – Because you have the flexibility regards paying the interest on your mortgage, your current level of income is not usually an issue. In fact, one of the most common reasons for utilising a lifetime mortgage is to increase your income.
Adverse Credit – Most lenders do not take adverse credit into consideration.
Poor Health - As we get older many of us will, unfortunately, have health issues. In terms of a lifetime mortgage, being in poor health would not prevent you taking out the loan. We have enhanced plans for people who are in, or have been in, poor health.

What are the types of Lifetime Mortgage?

There are primarily 3 variations to the lifetime mortgage product range.

  • Interest Roll-Up - make no monthly payments at all. The interest charged is rolled up into the loan, with the original loan plus accrued interest repaid when the borrower(s) moves property, or the last remaining borrower goes into residential care or dies.

  • Interest Only - the borrower makes regular monthly interest only payments, to reduce the level of interest being rolled up. The loan is only repaid when the borrowers(s) move property, or the last remaining borrower goes into residential care, or dies.

  • Optional Payments - the borrower can choose to pay some, or all, of the monthly interest, but you can also stop making monthly payments at any time. Most products will allow you to make overpayments of up to 10% of the mortgage each year should you choose this option.

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