Equity Release is an option that is available to people over the age of 55. It is a way of releasing some of the equity from your property whilst still being able to live there.

There are 2 main types of equity release, lifetime mortgages and home reversion plans. Both of them allow you to borrow money against the value of the property however with a lifetime mortgage you retain ownership of your property where as with a home reversion plan you are selling all or part of your property in return for a lump sum or regular payments.

Our team of experienced advisors at Cornerstone Mortgages & Finance are on hand to guide you through your options and help determine if Equity Release is a suitable option for you.


What is the difference between a Retirement Interest Only Mortgage and Equity Release?

With a retirement interest only mortgage you are paying the interest on a monthly basis which ensures that the outstanding balance will constantly remain the same as when you first took the mortgage out. This is beneficial when you are looking to ensure that there is inheritance left for the people you leave behind.

With equity release you are not required to make monthly payments (although some products now allow you to do this). This is because the debt is repaid when the last surviving person passes away or goes into long term care. As you are not making repayments, the amount you originally borrowed will continue to increase which as a result will reduce the equity in your property. It is therefore important to consider the implications on the inheritance you wish to leave behind with this option.


This is a lifetime mortgage/home reversion plan. To understand the features and risks, ask for a personalised illustration.

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