Find out instantly how much equity you could release...
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We provide independent advice on the whole of market, so we can provide the most suitable option for your needs.
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Reputable lenders we compare to ensure we offer you the best Equity Release deal:
Who are we?
My-Later Life is an award-winning later life mortgage broker who have advised 1000’s of people with later life mortgages.
At My-Later Life, we have a dedicated team of great people ready to support you on your equity release journey. Our philosophy is simple: we employ knowledgeable people and provide them with the best resources and support to ensure our clients receive exceptional care.
We provide independent advice on the whole of the market meaning we find the best deal and fit for your circumstances as not all lenders are the same and best of all our advice is FREE and you have no obligation at all. Our advice is fully independent and regulated by the Financial Conduct Authority (FCA) and the Equity release council.
Your trained equity release advisor will guide you through the entire process, from the initial conversation to the moment the funds are safely in your hands, helping you achieve your goals, although spending the money will be you job.
No big call centres, no hard sell, no endless marketing emails. Just a highly qualified bunch, truly experienced professional people here to help you determine, "Is equity release right for me?"
If you have any questions, feel free to contact us or fill our our Equity release calculator to finds out how much you could release.
What is equity release?
Equity release allows you to access the value held up in your home and turn it into money you can spend as you wish.
How much equity you can release depends on your age, how much your property is worth and how much you choose to borrow.
People over 55 often have little or no outstanding mortgage and lots of value tied up in their home. Many others have an interest only mortgage and no way of repaying it.
Equity release could help in either of these situations.
Is equity release
right for you?
Here at My Later Life Planning we will ensure that we only recommend a plan that is right for you after having taken into account all your personal circumstances. We have access to all the 500+ Lifetime Mortgage plans now available in the market place, some will be suitable some not, it is our job to get the best one for you. We will advise you in an honest and personal way that you will fully understand. We will walk this journey together for your benefit.
Please remember, all Lifetime mortgage interest rates are fixed for life.
We can also show you and can demonstrate how to keep the interest on your mortgage plan under control if you choose to do so, point out plans where no monthly repayments are required, we can build in safeguards such as guaranteeing an inheritance for loved ones. It is also our duty to advise you if we professionally believe that Equity Release is not the right thing for you.
Compare a wide range of Equity Release plans we can offer...
- Release up to 56% of your home's value, depending on your circumstances
- Fully qualified, expert equity release advice
- Available to homeowners aged 55 and over
- Select features to personalise your plan based on what matters to you
- All of our plans will meet the Equity Release Council standards which means they come with the no negative equity guarantee, so you can't pass on any debt through equity release to your beneficiaries
We understand that everyone's needs are different. That's why we will always personalise your equity release plan to make sure it's right for you.
How it works
Our team takes a holistic approach to retirement planning to give you a fair, unbiased and efficient way of raising the money you need.
Step 1. Have a chat with one of our advisers.
Step 2. We'll find a product that suits your needs.
Step 3. Your application is made and an independent solicitor confirms your application.
Step 4. Complete and your funds are released to your bank account.
Pros & Cons to Consider
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No monthly repayments
With a lifetime mortgage – the most popular form of equity release – there are no monthly repayments for you to make, as the loan, plus roll-up interest, is repaid when your plan ends.
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Lump sum or drawdown
Choose whether to receive your tax-free cash in one go or in stages following an initial release (only release what you currently need)
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Downsizing protection
After five years, if for any reason you need to move home, you can repay your loan in full without penalty if your new property doesn’t meet the lender’s criteria.
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Inheritance protection
You can ring-fence a percentage of your home’s future value to be passed on as a guaranteed inheritance, regardless of how much interest accrues.
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Partial capital repayments
You can make voluntary, ad-hoc repayments towards the interest and capital amount borrowed to reduce the size of the loan on which interest is charged, (limits apply)
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Medically Enhanced
If you, or any other applicant, have any health problems or make certain lifestyle choices, like smoking, you could be able to release more of your home’s value.
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Benefit Entitlement & Long Term Care
Taking equity release could result in your entitlement to means tested state benefits being reduced or removed. It can also have an affect on any funding you might receive for care services. Local authorities and the Government use your income and savings to decide if you need means tested state benefits. Equity release is also called a lifetime mortgage and allows you to borrow money against the equity held in your home.
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Pension Credit
If you receive pension credit then you also qualify for other benefits including Housing Benefit, Council Tax Reduction, Cold Weather payments and help with NHS services. You should check the impact of losing these benefits compared to your gains of receiving equity release.
Get in touch
Enter your details below and our team will call you back for a friendly five minute chat
My Later Life Planning (Office Address: 94-96 Seymour Place, London, W1H 1NB) is a trading style of My Group Inc Ltd an appointed representative of The Right Mortgage Limited who are authorised and regulated by the Financial Conduct Authority under reference number 976283.
My Group Inc Ltd is registered in England & Wales. Company Number 13613921. Registered Office 82 Rainham Road, Rainham, RM13 7RJ
At My Later Life, we believe you should receive the right advice to make an informed decision. Our advice, including consultations with our qualified adviser, is completely free. As a whole-of-market provider, we search across lenders to find the best solution for your circumstances. We only charge a fee when you choose to proceed with a later life mortgage through us and only payable upon completion. Our fee is how we earn a living and in line with standard broker charges and remains highly competitive. You can speak with us as many times as you need—it's our duty of care to ensure you fully understand your options.
This is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice.
Inheritance Tax Planning, Will writing, Lasting Powers of Attorneys, Estate Planning and Trust Planning are not regulated by the Financial Conduct Authority.
The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
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