Equity release is becoming an increasingly popular way for homeowners over 60 to unlock the value of their property without having to sell or move. But is it really a good idea? In this article, My Later Life, an award-winning and market-leading equity release specialist, explores the pros and cons to help you make an informed decision. We explain how equity release can provide tax-free cash, financial flexibility, and peace of mind in later life — while also highlighting the potential downsides such as compounding interest and reduced inheritance. You’ll also learn why making repayments, even small ones, can help protect your estate and leave more for your loved ones. Our expert advisers research the market daily, comparing products and schemes from a wide range of lenders to find the very best deals for our clients.
Read more...House prices are rising faster in the North than the South, widening the UK’s property value divide. This article explores what the latest house-price data means for homeowners, why Northern property owners are seeing the biggest gains, and how releasing equity today could still leave a strong inheritance if values continue growing. Learn how to use your home’s value to fund later-life choices without compromising what you leave behind.
Read more...We’re delighted to welcome Kathy Forsdike to the My Later Life team! Based in Ipswich, Kathy is a highly experienced Equity Release and Mortgage Adviser with a gift for making complex financial decisions feel simple. She’s especially brilliant at supporting women who may be navigating later life on their own — offering empathy, clarity, and advice you can trust. With her warmth, humour, and years of expertise, Kathy is a fantastic addition to our growing team.
Read more...When it comes to planning for later life, the key to confidence is understanding all your options. Many people reach a stage where an age partnership with trusted advisers makes decision-making easier, especially around equity release. In this blog, we explore the key myths that can hold people back, why timing matters, and how using our equity release calculator gives you the clarity you need to make informed choices.
Read more...Wondering how much equity release companies charge? In the UK, fees usually range from £1,500 to £3,000 plus interest and legal costs. But at My-Later Life, we do things differently. We provide free consultations, free home visits, and our clear, flat advice fee of just £1,495, which is lower than many big-name providers. Better still, you only pay when your equity release plan is complete. Our fee reflects the work we do to carefully review your circumstances, compare all lenders, and secure the best possible deal and rate tailored to your needs.
Read more...Equity release continues to grow in popularity, giving homeowners over 55 the option to unlock the value tied up in their properties without having to move. In this blog, we explore whether equity release is right for you, looking at the benefits, risks, and alternatives. From accessing tax-free cash and staying in your home, to understanding the impact on inheritance and benefits, we break it all down in plain English. Real-life examples show how different choices — whether taking a lump sum or a drawdown plan — can have very different outcomes. If you’re considering equity release, this guide will help you weigh up your options and make an informed decision.
Read more...The UK equity release market continues to grow, with Q2 2025 figures showing a 10% year-on-year increase and £636 million in lending to 14,404 customers. More homeowners over 55 are turning to equity release and lifetime mortgages to unlock property wealth for retirement, home improvements, or supporting family. As a whole-of-market broker, My Later Life remains a trusted market leader, helping clients find the most competitive equity release plans with expert, transparent advice. With a growing range of flexible products and rates, now is the perfect time to explore how equity release can enhance your financial future.
Read more...Can Equity Release Be Paid Back? Understanding Equity Release Repayments and Early Repayment Options Equity release has become an increasingly popular way for homeowners over 55 to unlock the value tied up in their property without having to sell or move. However, one of the most frequently asked questions is: can equity release be paid back? The answer is yes. Modern equity release products, particularly lifetime mortgages, offer flexible repayment options, allowing homeowners to make partial or full repayments during their lifetime. This flexibility helps reduce the interest that would otherwise accumulate, making it easier to manage future finances and leave more inheritance for family members. By understanding equity release repayments, early repayment options, and how the no negative equity guarantee protects borrowers, you can make informed decisions about whether this financial solution is right for you. In this guide, we explore how and when equity release can be paid back, the benefits of voluntary repayments, and key things to consider when managing a lifetime mortgage repayment plan
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