Minerva Business Park Peterborough, PE2 6QR
enquiries@tuto.org.uk Email us at any time
01733 235221 Mon-Thurs 9am to 7pm, Friday 9am to 3pm
Aged 55 or Over?
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Minerva Business Park Peterborough, PE2 6QR
enquiries@tuto.org.uk Email us at any time
01733 235221 Mon-Thurs 9am to 7pm, Friday 9am to 3pm
Aged 55 or Over?
toggle menu

Our Newsletter

Our quarterly newsletter "The Adviser". Get the Summer 2017 edition here

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What is Equity Release?

Equity release is a way of unlocking some of the value of your property without the need to move. The maximum amount of equity you are able to release depends on your age and the value of your property. However, if equity release is suitable for you, one of our specialist equity release advisers will help you to decide what you actually need, rather than just looking at the maximum available.

There are three types available.

1. Lifetime Mortgage

2. Home Reversion Plan.

3. Interest Only Mortgage

What you can use the plan for:

  • Protect your loved ones
  • Pay for your funeral
  • Leave a lump sum behind for your children or grandchildren
  • Instant cover available in most cases
  • Protect your family

Are you eligible?

Equity Release is available to people aged 55 or over who are UK residents and own their own home. Once these basic requirements have been met, there are a number of other details that need to be considered.

Your home must be in mainland UK or Northern Ireland and each provider also has different criteria which may restrict the type of property they are prepared to consider. If you currently have a mortgage or loan on your home, this will need to be repaid either before or at the start of your equity release plan. The released funds can be used to clear the mortgage and loan.

Is Equity Release right for you?

Equity Release provides a solution to many different needs but it may not be right for everyone. It is a long-term arrangement that needs to be given a lot of consideration before being entered into. One of the specialist equity release advisers will help you to consider your other options so that you only commit to an equity release plan if it is right for you.

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Call us on: 01733 235221

Monday - Thursday: 9am to 7pm
Friday 9am to 3pm

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Drop us a line anytime at
enquiries@tuto.org.uk,
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Our Address

Camrascan House,
Minerva Business Park,
Peterborough, PE2 6QR

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