Equity release allows homeowners in Lincoln to unlock some of the value tied up in their property, usually to support their finances in later life.

It is a flexible option that can provide a lump sum or regular income while allowing you to remain living in your home.

Our mortgage advisors in Lincoln help many clients explore equity release through our mortgages for over 50s.

If you are thinking about this option, it is important to understand how it works and what to consider before making any decisions.

What Is Equity Release?

Equity release is a way to access some of the money in your property without having to sell it or move out.

The most common form of equity release is a lifetime mortgage in Lincoln, which allows you to release a portion of your home’s value as tax-free cash.

With a lifetime mortgage, you retain full ownership of your property.

There are no required monthly repayments; the loan, plus any interest, is repaid from the sale of your property when you pass away or move into long-term care.

Many modern lifetime mortgages offer flexible features, such as voluntary repayments, inheritance protection, and the ability to move home in the future.

Our mortgage advisors can help you explore which options are available and suitable for your needs.

Who Can Take Out Equity Release?

Equity release is typically available to homeowners aged 55 or over.

The amount you can release depends on the value of your property, your age, and your health.

It is important to consider your long-term plans carefully.

Equity release will reduce the value of your estate and may affect your entitlement to certain means-tested benefits.

Our team of mortgage advisors in Lincoln will explain these aspects clearly so you can make an informed choice.

If you are looking for alternative options, you may wish to consider a retirement interest-only mortgage in Lincoln.

This allows you to borrow against your home while paying interest monthly, with the loan repaid when your property is sold. It can provide more control over the value of your estate.

How Does the Process Work?

The process of taking out equity release begins with a detailed discussion with a qualified mortgage advisor in Lincoln.

We will assess your needs, explain all available options, and help you decide whether equity release is suitable.

If you choose to proceed, the next steps typically include:

  • A full property valuation
  • A personalised illustration showing how much you can release and the terms involved
  • Legal advice to ensure you fully understand the agreement
  • Completion of the equity release and receipt of your funds

Throughout this process, our mortgages for over 50s in Lincoln service ensures you are supported every step of the way.

Date Last Edited: June 12, 2025