What Is Equity Release?
Equity release allows homeowners aged 55+ to access the money tied up in their property without needing to move. The most common form is a Lifetime Mortgage, where interest can either roll up or be paid monthly.
The money can be used for:
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Home improvements
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Helping family
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Early inheritance
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Paying off an existing mortgage
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Retirement income
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Large purchases
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Medical or personal expenses
You stay in your home for life (or until you move into long-term care).
Types of Equity Release
1
Interest-Only Lifetime Mortgage
Pay the interest each month to prevent the balance increasing.
2
Drawdown Lifetime Mortgage
Take an initial lump sum, then access more money later as needed.
3
Lifetime Mortgage
You borrow a percentage of your property value.
This is the most popular option, flexible and safe.
4
Home Reversion Plan (rare)
You sell a portion of your home to a provider in exchange for tax-free cash.
(Not commonly recommended, but we’ll explain both clearly.)
Who Is Equity Release Suitable For?
You may be eligible if:
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You are 55 or older
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You own a home in good condition
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Your property is worth at least £70,000
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You want to release a lump sum or ongoing funds
Equity release is not suitable for everyone, and that’s why personalised advice is essential.
PD Finance acts as an introducer only for this type of business.
How Much Can You Release?
The amount you can release depends on:
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Your age
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Property value
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Health and lifestyle
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Loan type
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Whether you want drawdown or lump sum
Typically, older clients can release a higher percentage.
Our partners will calculate your personalised options and talk you through them with full clarity.
Advantages & Considerations
Advantages
✔ Stay in your home
✔ Access tax-free cash
✔ Flexible payment options
✔ No monthly payments required
✔ You retain ownership
✔ No negative equity guarantee (ERC providers only)
Considerations
⚠ Interest can compound if unpaid
⚠ May affect means-tested benefits
⚠ Reduces inheritance value
⚠ Early repayment charges may apply
Our Partners will explain each option clearly so you feel in control.
The Equity Release Process
Our partners offer support through every step:
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Initial consultation – assessing suitability
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Explain your options – illustrated
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Check affordability & alternatives
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Property valuation
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Legal advice from a specialist
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Completion & funds released
You’ll never be pressured - this is a major decision, to take seriously.
If you’re considering releasing equity or want to understand your options, we’re here to help connecting you with our partners.
👉 Book your consultation
PD Finance acts as an introducer only for this type of business.
Equity Release &
Lifetime Mortgages
Frequently Asked Questions
Will I still own my home with equity release?
Do I have to make monthly payments?
Will equity release affect my children’s inheritance?
Yes - with a Lifetime Mortgage (the most common type), you remain the full legal owner of your home.
No. Payments are optional. You can choose to let interest roll up or pay interest monthly to keep the balance steady.
Possibly. Releasing equity reduces the value of your estate. We’ll show you the projected inheritance so you can make an informed decision.
Is equity release safe?
How long does equity release take?
Yes — when using an Equity Release Council approved lender. These products include protections such as the “no negative equity guarantee.”
Most cases take 5–8 weeks, depending on valuation and legal checks.
What you need,
When you need it.
At PD FINANCE we use all methods of technology available to us to ensure we can be there for you when you need Mortgage & Protection advice the most. Teams? Zoom? What's App? Video call? No problem.