Equity Release For Under 55's, 50's or younger? | READ Our Alternative Solution today

If you’re under the age of 55 and wish to release equity in your home then there are a range of finance solutions available to you. Check what your eligible for today with our equity release experts.

Equity Release For Under 55

Discover how much equity you could release in only a few minutes

Our equity release comparison service will save you time and money
Raise the money you need and stay in your home
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Our experts can quickly assess what options you are eligible for. (5/5)

* Get quick access to the best equity release solutions as of January, 2021. We’re a credit broker and not a lender.

Simon Nicholson

Head of Secured Lending

Expertly compared by Simon Nicholson

Products Updated December 9, 2020

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Your home may be repossessed if you do not keep up repayments on a loan or any other debt secured on it.

1 providers expertly compared:

with an APR of:

Learn More Available via broker only

Lending Expert

Loan Amount
£10,000 - £500,000

Initial Rate
3.34%

Loan Term
3 - 30 years

Loan Type
Release Equity

Status
Homeowners Only

Rated 4.9/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Initial Rate:

3.34%

Total repaid will be:

£50,805

If you're looking to release equity from your home or a buy to let property then our expert team can help. We have access to a range of financing solutions for homeowners, landlords and those with adverse credit. We can assist pensioners, the self employed and those looking under 55 looking for equity release solutions. Simply request a quote here on the websites for a free no obligation quotation.

Check My Eligibility

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Rating: 4.6 / 5 with 31 votes

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FAQ

Yes. The loan is like a regular loan and you will need to make monthly repayments and meet the lending criteria of the lender.

If you are a homeowner aged 55 or over, you could benefit from releasing a lump sum of tax-free money from the value of your home with the help of an equity release scheme. Please note that for equity release you need to be 55 years of age or over to qualify. If you are under 55 and want to release equity then you may wish to consider a second charge loan or a remortgage on your existing property.

Equity release allows you to release tied up cash in your home for you to enjoy now as either a one off cash lump sum or a monthly amount. There is no requirement to make monthly repayments with most equity release plans. Instead, on a lifetime mortgage, a fixed or variable rate of interest is rolled-up against the loan so that you have nothing to pay during your lifetime. The amount you could recieve depends on the value of your home and any outstanding mortgage or secured loans.

Yes, if you choose to take out a second charge loan against your home then you will be required to make monthly loan repayments to the lender until the loan is repaid in full.

If you are under 55 and decide to go down the second charge loan route then your broker will calculate how much you can borrow and how much it will cost per month in repayments. How much you can borrow will depend on your home equity and affordability of the loan taking into consideration your earning capacity and expenses.

The maximum loan to value on a lifetime mortgage is around 45%. That means that you can release up to nearly half of your homes value for retirement.

If you are under the age of 55 or 50 you can release equity tied up in your home via a remortgage or second charge loan. Contact our specialist broker above to see what solutions you qualifiy for.