Equity Release

Are you a homeowner who might need some extra cash?

If you’re aged 55 or over you could well qualify for an Equity Release Mortgage.

 What is equity release?

Simply put, equity release allows you as a homeowner aged 55 or over, to borrow money against the value of your home without having to move. The loan doesn’t need repaid until the property is sold. This might typically be after your death, if you move into long-term care or leave the property.

 What can equity release be used for?

  •          Repaying a mortgage
  •          Home improvements
  •          Holiday or trip of a lifetime
  •          Supplementing your income
  •          Helping your family
  •          New car

Why choose an equity release plan?

  •          Get a tax-free lump sum
  •          You retain 100% ownership of your home
  •          Use the cash however you wish
  •          Continue to live in your own home
  •          No monthly loan repayments
  •          Low rates that can be fixed for life
  •          Protect your inheritance
  •          Move home in the future
  •          No-negative-equity guarantee
  •          Add a flexible cash reserve facility
  •          You can choose to make monthly or partial repayments


How does equity release work?

Equity release allows you to borrow tax-free funds against the value of your house and there are a number of different options. With some, interest accumulates on the sum you’ve borrowed and is settled once the property is sold. Other options allow you to pay off the interest monthly so that the amount you borrowed never rises.

 It’s vitally important to take expert advice before deciding on any equity release scheme.

At Navigate we’ll help you decide on the one that’s best for you .We will fully explain each scheme so that you can choose the best option for your specific financial circumstances and needs.

Who is eligible for equity release?

To be eligible for equity release:

  •          The youngest homeowner must be aged 55 or over
  •          The minimum amount you can release is £10,000
  •          The maximum sum you can borrow will be based on the youngest homeowner’s age, health and lifestyle
  •          The value of the property must be at least £70,000.

Generally, the older you or your partner are, the more you can borrow.


Why Navigate is a great choice for equity release

  •          At Navigate we’re completely independent. That means that while we have access to a wide range of providers, we work for you, not the lender.
  •          We don’t advise only on equity release.  We are independent financial planners who can and will consider all of your needs in retirement, before helping you decide what’s best for you.
  •          We’ll meet you how and when is best for you. Advice can be provided over the phone or via zoom.
  •          Our team will look after everything from your application through to completion, including dealing with your solicitor.
  •          Remember, you can’t release equity without getting expert equity release advice first, so get in touch with our team today to see which product suits you.


Equity release may involve a home reversion plan or lifetime mortgage which is secured against your property. To understand the features and risks ask for a personalised illustration.

Equity release requires paying off any existing mortgage. Any money released, plus accrued interest must be repaid upon death or moving into long-term care.

Equity release will affect potential inheritance and your entitlement to means-tested benefits both now and in the future.

We provide initial advice for free and without obligation. Only if you choose to proceed and your case completes would a typical fee of £1,795 be payable.

If you are interested in learning more about releasing equity from your home please contact us on 02890 769 769 or at office@navigateifa.com 


Navigate IFA Belfast
Studio 3 Strand Studios
150 Holywood Road
Belfast, BT4 1NY
Northern Ireland
Tel: +44 (0)28 9076 9769

Email: office@navigateifa.com


The guidance provided within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
Navigate IFA Ltd is incorporated registered in Northern Ireland with registered number NI663750 and the registered office is Studio 3, Strand Studios, 150 Holywood Road, Belfast, BT4 1NY and is authorised and regulated by the Financial Conduct Authority.
The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren't able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk