Transform The Equity In Your Home Into The Retirement Lifestyle You Deserve
At Prime Lifetime, we offer independent and trusted equity release advice, aiming to find you the best available equity release mortgage deal tailored to your personal needs.
Get in touch, to find out how much tax free cash you could release.
Expert independent advice tailored to your situation
Clear & honest guidance with no jargon
Avoid common mistakes & potential scams
Benefit from whole-of-market comparison
Explore the best available equity release deals
Proud members of the Equity Release Council
Unlock the value of your home
After years of hard work, you’ve earned the right to enjoy retirement the way you choose.
As members of the Equity Release Council, we’re here to help you find a suitable equity release option.
Whether you need extra income, wish to renovate your home, or want to provide financial support to your family, equity release offers a practical way to access the value in your property without having to move.
Let us assist you in securing a straightforward, personalised plan that meets your retirement goals.
Don’t take out Equity Release before you can answer these three questions.
If you're a homeowner over 55, you may be considering tapping into the equity you've built up in your property. Last year alone, those aged 55 and over accessed an astonishing £4 billion through equity release schemes. If you're thinking about this option, it's crucial to arm yourself with the right knowledge.
Equity release allows you to access the value of your home as a tax-free lump sum, potentially giving you the cash to use as you wish. Some people use the funds to achieve long-held dreams like travel, home improvements or providing financial support to loved ones. Others use it to clear debts and improve their financial situation in retirement.
Before proceeding, make sure you can answer these three essential questions:
1.
Have you chosen a lender approved by the Equity Release Council? The ERC is an industry body that vets equity release providers to ensure they meet strict standards and offer products that prioritise consumer protection. Choosing an ERC-approved adviser gives you total peace of mind.
2.
All ERC approved plans have a 'no negative equity' guarantee. This protects you and your family and ensures that neither you nor your estate will be required to repay more than the value of your home, even if your loan balance exceeds the amount your home sells for.
3.
Have you searched the entire market for the latest rates and terms individual to your circumstances?
i) Tied Adviser; will recommend only a single lenders' products.
ii) Limited Panel; these advisers will offer products from a restricted list of lenders.
iii) Whole of Market; meaning these advisers will search EVERY product from EVERY lender.
The most stress-free way to explore your options is to have a free, no-obligation chat with an ERC-approved adviser who specialises in later life lending. They can assess your unique circumstances and guide you through the process step by step, all from the comfort of your home.
To get an idea of how much tax-free cash you could unlock, get in touch with us. There's no cost or commitment, just helpful information to assist you in deciding if equity release could help you achieve your financial goals in retirement.
Find out how much equity you can release, get in touch below:
At Prime Lifetime, our whole of market specialists can calculate the best available rates.
Is equity release right for you?
You've worked hard your whole life. Now it's time to enjoy the retirement you deserve, on your terms.
Equity release and lifetime mortgages offer many benefits:
Access Cash Quickly
Unlock the equity in your home quickly, without selling or moving home. Enjoy a lump sum, regular income, or both to use as you see fit.
Enjoy Tax-Free Money
Use the tax-free money from your equity release for anything from supplementing your retirement income to renovating your home or travelling.
No Monthly Repayments
There's no need to make any monthly repayments with a lifetime mortgage. You only settle the balance when you sell your home, pass away, or move into long-term care.
Stay In Your Home
Manage or consolidate debts and plan your finances with greater flexibility using equity release.
No Negative Equity Guarantee:
With a no negative equity guarantee approved by the Equity Release Council, you'll never owe more than the sale price of your home, regardless of market changes.
As members of the Equity Release Council, Prime Lifetime uphold the highest standards of practice, offering advice that aligns perfectly with your retirement aspirations.
This guarantees that our services adhere to stringent ethical guidelines and consumer protections, ensuring your equity release plan is not only beneficial but also secure and transparent.
Discover how much tax-free cash you could unlock now, with our trusted, independent advice tailored to you.
Equity release and lifetime mortgages offer a valuable opportunity for homeowners aged 55 and above to access the equity tied up in their home.
If you're rich in assets but low on cash, equity release lets you turn the value of your home into spendable money, giving you a more comfortable retirement and financial flexibility just when you need it most.
This can provide a lump sum, regular income, or both, without the need to move home.
With Prime Lifetime, equity release isn't just a financial decision—it's a step towards realising your life's goals and dreams in retirement.
Prime Lifetime is totally independent, covering the whole of the market and all major lenders, ensuring you get the best available equity release/lifetime mortgage.
Your Questions, Answered
Equity release allows homeowners to access the value tied up in their property without the need to sell it. This can be done through a Lifetime Mortgage, where you retain ownership of your home while borrowing against it, or through a Home Reversion plan, where you sell a portion of your home in exchange for a lump sum or regular payments. The loan and accrued interest are typically repaid when the property is sold, which usually occurs upon death or if the homeowner moves into long-term care.
Equity release reduces the value of your estate, which in turn affects the inheritance you may leave to your beneficiaries. However, many plans now offer an inheritance protection guarantee, allowing you to secure a portion of your estate for your heirs. It's advisable to discuss your plans with family members to ensure everyone understands the potential impact on inheritance.
Yes, in most cases, equity release plans are transferable to a new property, provided the new home meets the lender’s criteria. However, if the new property is of lower value, you may be required to repay part of the equity already released. Moving home with an equity release plan is generally feasible but requires careful consideration and planning.
The amount of equity you can release depends on several factors, including your age (with older homeowners generally able to release more), the value of your property, and your health. Some equity release plans may offer higher amounts if you have specific health conditions. Lenders also take into account current market conditions and regulatory guidelines when determining how much you can borrow.
Yes, it is highly recommended to seek independent financial advice when considering equity release. A qualified advisor can help you understand the implications, assess whether it is the most appropriate option for your situation, and guide you through the process. Additionally, some lenders may require you to obtain professional advice before proceeding with an equity release plan.
Prime Lifetime is a trading style of One Stop 4 Equity Release Ltd which is authorised and regulated by the Financial Conduct Authority. under No 952887 One Stop 4 Equity Release Ltd is a registered company in England and Wales with Company Registration Number 13452621. Registered Office: 14 North Street, Bourne, Lincolnshire, PE10 9AB.
Your home may be repossessed if you do not keep up repayments on your mortgage.
To understand the features and risks, ask for a personalised illustration.
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