Equity Release

Equity Release Advce Huddersfield

Unlock the Value in Your Home — Without Having to Move

For many homeowners aged 55 and over, much of their wealth is tied up in the bricks and mortar of their property. Equity release offers a way to access some of that value, tax‑free, while continuing to live in the home you love.

Whether you want to boost your retirement income, clear an existing mortgage, help family onto the property ladder, or simply enjoy more financial freedom, equity release can provide a flexible solution.

How Equity Release Works
Equity release allows you to release money from your home without selling it. The most popular option a lifetime mortgage lets you borrow against the value of your property, with the loan typically repaid when the last homeowner passes away or moves into long‑term care. You remain the owner of your home throughout, and you can choose whether to make monthly payments, pay interest as you go, or make no payments at all.


Modern plans are regulated, transparent, and designed to give you control. Features such as fixed interest rates for life, no‑negative‑equity guarantees, and the ability to protect a portion of your home’s value for inheritance are now standard with providers who follow Equity Release Council standards.

At Solve Mortgages, we understand that deciding whether Equity Release is the right path for you is a big decision, one that deserves careful consideration and honest, expert guidance.

Get in touch today to see how Equity Release could work for you.

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Your guide to Equity Release

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Equity Release Key Features

Flexible repayments
Most lenders now allow ad‑hoc payments towards the interest. Some even offer a reduced interest rate if you commit to regular monthly repayments. In addition, certain plans let you repay a percentage of the capital each year.

Reduced early repayment charges
Early repayment charges have traditionally been a major factor in Equity Release plans. Today, there are far more options available, including plans with no early repayment charges and many lenders have shortened their repayment timescales, giving borrowers greater flexibility.

No affordability checks
While traditional mortgages and Retirement Interest‑Only mortgages can be harder to secure due to affordability requirements, Equity Release Lifetime Mortgage plans do not involve affordability checks. This means you can access tax‑free money from your home more easily.

By understanding your financial situation and future plans, we can find an Equity Release Lifetime Mortgage solution that supports your needs well into your later years.

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Equity Release

Frequently Asked Questions

A Lifetime Mortgage is a type of Equity Release that lets you access some of the value tied up in your home without having to move. You still own your home, and the loan is repaid—usually from the sale of the property—when you pass away or move into long-term care.

Yes. With a Lifetime Mortgage, you remain the legal owner of your home. The loan is secured against your property, but you won’t have to sell or move out as long as it remains your main residence.

The amount you can release depends on your age, the value of your home, and your health. Generally, the older you are, the more you can borrow. We’ll help you get an accurate idea based on your personal circumstances.

No monthly repayments are required unless you choose to make them. Many Lifetime Mortgages allow you to pay interest monthly, make voluntary payments, or let the interest roll up to be repaid later. We’ll guide you through the options.

Taking out a Lifetime Mortgage will reduce the value of your estate, which means there may be less to leave as an inheritance. However, some plans let you ring-fence a portion of your home’s value to pass on. We can help you explore the best solution for your goals.

Yes, most Lifetime Mortgages are portable, which means you can move home if the new property meets your lender’s criteria. We’ll check all the details to ensure flexibility if your plans change.

Most plans come with a no negative equity guarantee, meaning you (or your estate) will never owe more than the value of your home, even if property prices drop.

The money you release is tax-free. However, it might affect your entitlement to certain means-tested benefits. We’ll help you understand any potential impact.

Yes. Equity Release products are regulated by the Financial Conduct Authority (FCA). We only recommend plans approved by the Equity Release Council, which includes safeguards like the right to remain in your home for life.

The main cost of equity release is the interest on the loan, which is fixed and added over time. There will also be setup costs like product fees which can usually be added to the loan. Legal fees are typically around £650-£1000 and valuation fees, but some plans offer a free valuation. At Solve Mortgages, we’ll explain all costs upfront so you can make an informed choice with no surprises. We do not charge any upfront fee, however a fee of up to £1495 is payable on completion.

Find out more in our Equity Release Guide via the button below.

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Reasons

Reasons to Release Equity

The significant rise in property prices has enabling many individuals to accumulate wealth through their home’s value. Traditionally, the only way to access this wealth was by selling your home and downsizing.

An Equity Release Lifetime Mortgage provides homeowners aged 55 and over to unlock equity from their property’s value. This can be done without extending their working years, selling their home or downsizing, allowing for a more comfortable retirement. Here are the eight most popular reasons people choose to release equity from their home:

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8 Reasons To Use Later Life Borrowing:-

  • Home Improvements
  • Settle Existing Mortgage or Debts
  • Increasing Disposable Income
  • Assisting Family Members Financially
  • Holidays
  • New Home or Property
  • New Car
  • Proving Care at Home

How Solve Mortgages Can Help You

Solve Mortgages is dual registered, allowing us to advise you on both mortgages and Equity Release Lifetime products. We offer whole-of-the-market advice across both sectors, meaning we can find the right solution for your circumstances without the need to introduce you to a third party.

Looking for advice, call us today.

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Equity Release Council Guidelines

As a member of the Equity Release Council we will always adhere to the following guidelines.

  • For lifetime mortgages the rate must be fixed for each release or, if variable, the rate must be capped for the life of the loan.
  • You must have the right to remain in your property for life or until you need to move into long-term care, provided the property remains your main residence and you abide by the terms and conditions of your contract.
  • You have the right to move to another property subject to the new property being acceptable to your product provider as continuing security for your equity release loan.
  • The product must have a “no negative equity guarantee”. This means that when your property is sold, and agents’ and solicitors’ fees have been paid, even if the amount left is not enough to repay the outstanding loan to your provider, neither you nor your estate will be liable to pay any more.
  • All customers taking out new plans which meet the Equity Release Council standards must have the right to make penalty free payments, subject to lending criteria.

A lifetime mortgage is a loan secured against your home.

To understand the features and risks, ask for a personalised illustration.

Equity release will reduce the value of your estate and may affect your entitlement to means tested benefits.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Home – Equity Release Council

A lifetime mortgage is a loan secured against your home.

 
To understand the features and risks, ask for a personalised illustration.

 
Equity release will reduce the value of your estate and may affect your entitlement to means tested benefits.

 
Your home may be repossessed if you do not keep up repayments on your mortgage.