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Supporting family earlier
Helping children or grandchildren with a deposit, school fees or another milestone — while you're still around to see the benefit.
FCA-regulated · Equity Release Council member · No monthly repayments required
Find out how much tax-free cash you could release from your home
Many UK homeowners aged 60+ have £100,000 or more sitting in their property — and don't realise they can access it. A free call with a specialist could show you exactly what's available, with no obligation to proceed.
Rated 4.9/5 from 33,613 verified reviews (Feefo)
At age 70 on a £300,000 home, you could potentially release up to £138,000 tax-free.
FREE ESTIMATE · NO OBLIGATION · FCA REGULATED
Find out how much you could release
3 quick questions — takes under 90 seconds
STEP 1 — ABOUT YOU
Age is the primary factor in how much you can release
✓ FCA Regulated advice✓ Equity Release Council member✓ No Negative Equity Guarantee
"Carol & Jeff cleared a £91,000 interest-only mortgage plus £20,000 in debts on their £350,000 home — with no monthly repayments."
— Real MAB Lifetime case study
Your home could do more than you think
Most people aged 60+ are sitting on more money than they realise — it's tied up in their home. These are the most common reasons people just like you get in touch.
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Home improvements
Funding updates that make a home more comfortable, more energy-efficient or better suited to changing needs.
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Paying off an existing mortgage
One option to consider when an existing mortgage is becoming harder to maintain or is nearing the end of its term.
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Interest-only mortgage ending
If an interest-only deal is maturing, an adviser can look at whether a later life mortgage fits — alongside other options.
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Staying in the home for longer
Releasing some value to help you remain in familiar surroundings, including changes that support living at home in later life.
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Reviewing wider options
Equity release isn't always the answer. An adviser can also look at Retirement Interest-Only and other routes — or explain when borrowing isn't right.
Later life options compared
Not sure which option is right for you? Here's what each one actually means.
Equity release is just one option. Depending on your situation, a different type of later life mortgage might suit you better — or borrowing might not be the right move at all. Here's the difference explained simply.
| Feature | Lifetime Mortgage | Retirement Interest-Only (RIO) | Standard Later Life Mortgage |
|---|---|---|---|
| Monthly repayments | None required (interest can roll up or be paid voluntarily) | Interest paid monthly; capital on death/sale | Full capital & interest each month |
| You keep ownership of the home | Yes — 100% | Yes — 100% | Yes — 100% |
| Loan repaid when | Last applicant dies or moves into long-term care | Last applicant dies or moves into long-term care | End of mortgage term |
| No-Negative-Equity Guarantee (ERC members) | Yes | n/a (interest serviced) | n/a |
| Affordability assessment | Based on age, property and plan | Income required; monthly cost often lower | Full residential affordability |
| Often suitable for | People who want flexibility and no required monthly repayments | People with stable retirement income | People with enough income for monthly repayments |
Most popular
Lifetime Mortgage
No monthly repayments required
Loan repaid when your home is eventually sold
Retirement Interest-Only (RIO)
Pay interest monthly — capital repaid on death or sale
Requires stable retirement income
Standard Later Life Mortgage
Full capital & interest paid monthly
Requires sufficient income for monthly repayments
Source: MAB Lifetime product comparison, 2026. Eligibility depends on individual circumstances; not all products will be available in every case.
How much could you release? Illustrative figures by age
The amount you can release depends primarily on your age and property value. As a guide, a 70-year-old with a £300,000 home could release up to £138,000 tax-free — with no monthly repayments required.
| Age of youngest applicant | Max LTV — Single life | Max LTV — Joint life |
|---|---|---|
| 60 | 34% | 32% |
| 65 | 40% | 38% |
| 70 | 46% | 44% |
| 75 | 51% | 48% |
| 80 | 58% | 55% |
| 85+ | 60% | 58% |
Source: MAB Lifetime LTV calculator, 2026. Max LTV can depend on applicants' circumstances.
Want to see your own personalised figure?
Answer 3 quick questions and a specialist will call you with your estimate — free, no obligation.
See How Much I Could ReleaseTwo real examples
Real people, real results — could this be you?
Names and details may have been anonymised. Case studies are for illustration only; outcomes depend on individual eligibility, lender criteria and product availability. Excludes costs such as legal fees and stamp duty.
Meet the adviser team
You'll speak to a specialist — not a call centre
Later life lending is a different discipline to standard mortgages. Our advisers specialise in it full-time, which means they know which products work for your situation — and when to recommend you don't borrow at all.
Andrew Teeman
Best Individual Later Life Adviser 2025 · MAB Later Life Affiliate Principal & Adviser
"Lifetime mortgages, RIO and wider later life planning need specialist knowledge. Our job is to make the options clear and help people make well-informed decisions at their own pace."
Best Individual Later Life Adviser · British Later Life Lending Awards
What clients told us mattered most
"Everything was explained clearly, without pressure, and the adviser took time to talk through every option before we decided what felt right for us."— Roy & Julie, Cheshire
"You made the whole process much easier with your help, knowledge and clear explanations throughout."— Carol, Suffolk
How the conversation works
What happens when you get in touch
Answer 3 quick questions
Tell us your age, a rough property value, and the best time to call. Takes under 90 seconds.
A specialist calls you back
At the time you choose. The first call is short, free and there is no obligation.
We look at the options properly
If the first call suggests it could work for you, we book a second call to go through exact figures, your options, and any questions your family might have.
You decide, in your own time
No pressure, no chase calls. If a later life mortgage is right, we arrange it. If not, we tell you plainly.
We will never push you towards a product. If borrowing isn't right for you, we'll tell you plainly. The advice fee (up to £995) is only payable if you go ahead — your initial call is completely free.
Important. A lifetime mortgage will reduce the value of your estate and may affect your entitlement to means-tested benefits. Think carefully before securing a loan against your property.
Frequently asked questions
Your questions, answered
Clear answers to the questions we hear most often.
Am I eligible?
You need to be aged 60 or over, own a UK property worth at least £70,000, and be a UK resident. You don't need a minimum income. If there's an outstanding mortgage, that's fine — many customers use equity release to clear it.
Is equity release a good idea?
It depends entirely on your situation, which is why we don't recommend it to everyone. For some people it's genuinely life-changing — clearing debts, helping family, or simply making retirement more comfortable. For others, there are better alternatives. Our job on the first call isn't to sell you anything — it's to tell you honestly whether it makes sense for your circumstances. If it doesn't, we'll say so.
Will I still own my home?
Yes. You remain the legal owner; the lender simply holds a charge, as with a standard mortgage.
Will I leave debt to my children?
No. Every plan we arrange carries a No-Negative-Equity Guarantee, so the debt can never exceed the home's sale value.
Will it reduce what I leave behind?
Yes — that's the trade-off. Some products let you ringfence a percentage of the home's future value as guaranteed inheritance.
Could it affect my means-tested benefits?
It can. Your adviser checks this before recommending anything.
What if I want to move house later?
Most modern plans are portable to a new property, subject to lender criteria.
Can I repay the loan early?
Usually yes. Most plans allow voluntary partial repayments; full early repayment may trigger a charge in the early years.
Is this regulated?
Yes — by the Financial Conduct Authority. Lifetime Finance Bureau Ltd is an Appointed Representative of Mortgage Advice Bureau, FRN 1011046, and a member of the Equity Release Council.
How much does the advice cost?
The initial callback is free. If you proceed, the advice fee is up to £995, confirmed before you commit.
My bank already said no — can you really do something different?
Often, yes. Specialist later life lenders use criteria designed for retirement income.
What's the worst that can happen on the call?
A short, free conversation. No pressure, no follow-up barrage — and if it's not right, we'll say so.