Compare Equity Release Providers UK
Equity release lets UK homeowners aged 55 and over unlock the value tied up in their property as tax-free cash without moving. It is a significant financial decision that requires regulated independent advice. We have listed the leading UK providers so you can research your options.
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Key
- Triple assurance built in
- You'll always own your home
- You'll never owe more than your home's worth
- Optional repayments available
Age Partnership
- Equity release plans
- Lifetime mortgage
- Drawdown lifetime mortgage
- Home reversion plan
Equity Release Line
- Free quote
- Quotes from leading UK providers
- Simple and straightforward process
Sun Life
- Highly rated by customers
- Guaranteed Over 50 Plan
- Guaranteed Inheritance Plan
- Equity release options
Prices and availability correct at time of last update. Always check directly with the provider.
Provider details, prices and availability are correct at the time of writing and subject to change without notice. Always verify current terms and pricing directly with the provider before purchasing.
What is equity release?
How it works
Equity release allows homeowners aged 55+ to access the value built up in their property. The most common type is a lifetime mortgage — a loan secured against your home and repaid when the property is eventually sold.
No negative equity guarantee
All Equity Release Council members guarantee you will never owe more than your home is worth, protecting you and your family's inheritance.
No monthly repayments required
With a standard lifetime mortgage, nothing is repaid until the property is sold. You keep the right to live in your property for life or until you move into long-term care.
Things to consider
Taking equity reduces the value of your estate and may affect means-tested benefits. Always discuss with a qualified independent financial adviser before proceeding.
The information on this page is for general information and signposting purposes only — it does not constitute financial advice. Compear and Web Daddy Ltd do not sell, arrange, or earn fees from equity release products. You must seek independent advice from an FCA-authorised adviser before taking out any equity release product.
Common questions
Who is eligible?
You must typically be aged 55 or over and own a UK property. The maximum amount you can release depends on your age and property value.
What is the difference between a lifetime mortgage and a home reversion plan?
A lifetime mortgage lets you borrow against your home while retaining ownership. Interest rolls up unless you choose to pay it. A home reversion plan involves selling a share of your home to a provider in return for a lump sum or income — you retain the right to live there rent-free.
Can I still leave an inheritance if I take equity release?
Yes — many plans now offer an 'inheritance protection' feature that ring-fences a percentage of your property's value for your beneficiaries. Discuss this with a qualified equity release adviser.
Can I repay equity release early?
Yes, but early repayment charges (ERCs) can be significant — sometimes 5–25% of the amount repaid. Some plans offer more flexible terms. Always check the ERC schedule before committing.
What happens to equity release when I die or move into care?
The plan is typically repaid from the sale of your home when you die or move permanently into long-term care. Your estate keeps any remaining equity after the loan (and rolled-up interest) is repaid.
Is equity release regulated?
Yes. Providers and advisers must be authorised by the Financial Conduct Authority (FCA). Always check the FCA register before using any adviser or provider.
Does equity release affect benefits?
Releasing equity may affect your entitlement to means-tested state benefits. Speak to an independent adviser before proceeding.
Important things to know before applying
Get independent advice
Equity release is a long-term commitment. An FCA-regulated equity release adviser is legally required to explain all risks and alternatives before you proceed.
No negative equity guarantee
All Equity Release Council-approved plans include a no-negative-equity guarantee — you will never owe more than the value of your home.
Check means-tested benefits
Taking a lump sum from equity release can affect eligibility for means-tested benefits such as Pension Credit. Take advice before proceeding.
Compear and Web Daddy Ltd do not take any fees or commissions from equity release products. Information on this page does not constitute financial advice. Always seek independent regulated advice before proceeding with equity release.