A variety of new plans and providers have joined the market in recent years. Equity release plans have become a very popular way for homeowners aged 55+ to unlock the tax-free cash tied up in your bricks and mortar. With an equity release plan, you don’t have to sell or move out of your home, you don’t have to make any monthly repayments (although this is possible on some plans if you wish to slow the rate at which the interest accrues) and the cash is yours to spend however you want.

With an equity release plan, the amount of money you can release from your home typically depends on your age and the value of your property. Some providers allow you to release even more money if you have a qualifying health condition (many of which are quite common, including diabetes, high blood pressure and high cholesterol) or if you have a history of smoking. Your selected specialist will take the time to find out if you are eligible for an enhanced equity release plan before conducting a search for the best quotations for you. To find out instantly how much you could release, use the free equity release quote calculator at the top of this page.