Equity release allows homeowners aged 55+ to access some of the value tied up in their property as a tax-free lump sum. This can provide funds for home improvements, gifting to family, supplementing retirement income or other major costs.

With Keevelia Mortgage Solutions, you can release equity through a lifetime mortgage. We will assess your needs and eligibility based on criteria including:

- Minimum age 55
- Own your home outright
- Have at least £70,000 equity
- Use property as main residence

Popular reasons to release equity include:

- Home improvements and maintenance
- Paying off debts
- Funding care costs
- One-off major purchases
- Topping up retirement income

Releasing equity reduces the value of your estate and risks affecting inheritance and entitlement to means-tested benefits. Tax treatment depends on individual circumstances and may change in the future. For more information, contact one of our advisers today to discuss whether equity release could be suitable for you.

What is a Lifetime Mortgage?

A Lifetime Mortgage involves taking a type of mortgage that does not require monthly repayments, although you can opt to make monthly repayments if you wish. You retain ownership of your home and interest on the loan is ‘rolled up’ (added to the loan). The loan along with the rolled up interest is repaid by your estate when you either die or move into long term care. If you apply jointly, with a partner, the repayment is not made until the last remaining person living in the home either dies or moves into care, meaning that both of you are free to live in your home for the rest of your lives.

For more information click on the button which will take you to the Equity Release Council Website.