Equity Release
Equity release is a way for homeowners over the age of 55 to release tax-free funds from their homes, without having to move. There are two types of equity release: lifetime mortgages and home reversion plans.
At MWS, we do not advise on home reversion plans. We believe lifetime mortgages are more appropriate for the needs of the clients we serve, and therefore we specialise exclusively in lifetime mortgages
How can equity release help?
64%
Use the equity released for home and/or garden improvements.
33%
Use the equity released for holidays and trips away.
31%
Use the equity released to pay off debts (e.g. loans and credit cards).
27%
Use the equity released to gift money to family and/or friends.
22%
Use the released equity to repay an outstanding mortgage and eliminate the associated repayments
12%
Use the released equity to help pay their regular bills
Our specialist equity release advisers search our entire product range to find the right equity release plan for you, we will explain:
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You have to get advice before releasing tax-free cash from your home - we will advise you to make sure whether it is the right option for you.
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MWS offer lifetime mortgages only, which is a loan secured against your home. It will reduce the value of your estate and may affect your entitlement to means-tested benefits.
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All of our advised plans meet the Equity Release Council standards and come with several protections, including the no negative equity guarantee, which means you’ll never owe more than your home’s value.
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You should always think carefully before securing a loan against your home.
Please get in touch if you wish to have an initial discussion with one of our qualified equity release experts to find out if equity release could be the right option for you.