Equity Release

If you’re a homeowner aged 55 and over, you could access the equity tied up in your home to help you live a more enjoyable lifestyle.

Radio Times are pleased to be working with Age Partnership+ to bring you an award-winning equity release service.

How could you use the money you unlock?

Home improvements.
Holidays and travel.
Gifting to loved ones.
Repaying an existing mortgage.

Calculate how much you maybe able to release

With the most popular type of equity release plan, a lifetime mortgage, you could:

Maintain 100% ownership of your home.
Access tax-free cash either as a lump sum or smaller amounts over time.
Release from a minimum of £10,000 up to 58% of the value of your home.

How much you could release depends on the value of your home, the age of the youngest homeowner, if you’re a single or joint applicant and your individual needs.

What does equity release involve?

Step 1

Do you qualify? If you own your home and the youngest homeowner is aged 55 or over, you may qualify, even with an existing mortgage or secured loan. This must be repaid as part of the process, but you can use the money released to do this.

Step 2

Is equity release right for you? It’s important you get specialist equity release advice. Age Partnership+ will research the plans available from the whole of the lifetime mortgage market, and provide a free, no-obligation quotation, helping you make an informed decision. If you decide to proceed, you’ll be helped through each step.

Step 3

Complete the application form. You’ll be assisted when completing the form and once it’s been sent back, which can be arranged for you, you will be kept up to date until your application completes.

Step 4

A surveyor will conduct a valuation of your property to check it meets the lender’s suitability criteria. If approved, your offer will be issued to yourself and your solicitor to review. Age Partnership+ can put you in touch with solicitors who specialise in equity release to make the process as smooth as possible.

Step 5

Receive your money. Once all legal checks are satisfied and documents are signed, you will receive the funds into your bank account.

Through the Radio Times equity release service, you will get access to:

Impartial independent advice.
A free no-obligation quotation posted out to your home.
Whole-of-market lifetime mortgage comparison to find a suitable plan for your needs.

Things to consider
Equity release may involve a lifetime mortgage, secured against your property, or a home reversion plan. It will reduce the value of your estate and impact funding long-term care. Age Partnership+ advise on lifetime mortgages only.

Equity release requires repaying any existing mortgage. Money released, plus accrued interest, would need to be repaid upon death or moving into long-term care.

Advice is required to proceed with equity release and there may be other options which better suit your circumstances. Only if your case completes would an advice fee of £1,995 be payable. Other lender and solicitor fees may apply.

Use our free and quick calculator

The Radio Times Equity Release Service is provided by Age Partnership Limited. Radio Times is a trading name of Immediate Media Company London Limited which is an Introducer Appointed Representative of Age Partnership Limited, 2200 Century Way, Thorpe Park, Leeds, LS15 8ZB. Company registered in England and Wales No. 5265969. VAT registration number 162 9355 92. Age Partnership Limited is authorised and regulated by the Financial Conduct Authority. FCA registered number 425432 and is trading as Age Partnership Plus.