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Transform your life with equity release. If you are over 55 and a homeowner, you may be able to benefit from releasing a tax-free lump sum or an additional regular income from your home by means of equity release.
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Transform your life with equity release. If you are over 55 and a homeowner, you may be able to benefit from releasing a tax-free lump sum or an additional regular income from your home by means of equity release.

Equity Release

Transform your life with equity release.

If you are over 55 and a homeowner, you may be able to benefit from releasing a tax-free lump sum or an additional regular income from your home by means of equity release.

What types of equity release are available?

  • Equity release - lifetime mortgage
    The lifetime mortgage, which is one of the most popular forms of equity release, and is one of the preferred methods of improving standards of living and home improvements. It gives you access to funds that are yours already, but would otherwise be tied up in the value of your property. There are no regular repayments to make, and you continue to own 100% of your home.
  • Choose the right equity release plan with the help of Medina Equity Release
    Medina Equity Release specialises in equity release and are fully qualified in this market enabling us to help our clients to select the most appropriate Equity Release plan from the many available, to meet their individual needs and circumstances. This in turn enables our clients to benefit from the tax-free lump sum or additional regular income that equity release can offer, along with the peace of mind that comes from dealing with a knowledgeable, honest and friendly team of specialists.
  • What types of equity release are available?
    There are three main types of equity release, and within each of these are numerous different plans.
    • Lifetime Mortgage
      allows you to release a lump sum from the value of your property, with the amount released plus any interest accrued repaid out of your estate when you pass away or move into long-term care
    • Drawdown Lifetime Mortgage
      similar to a lifetime mortgage, but with added flexibility, as the cash can be released over time, as and when required, which can reduce the amount of interest accrued.
    • Home Reversion Plan
      you surrender some or all of the ownership of your property in exchange for a lump sum of money and the right to remain living in the house, rent free, for as long as you live.

The Correct Choice

Of course, in order to get the most benefit from equity release, it is extremely important that you choose the right plan to suit your individual needs and circumstances, which is why advice from specialists such as Medina Financial solutions can make a big difference.

Equity release may impact the size of your estate and it could affect your entitlement to current and future means-tested benefits.

There will be a fee for lifetime mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will be £1,000 payable upon completion and can be included in the lifetime mortgage.