Equity Release
Our Equity Release Lender Panel
We work with the UK’s leading later-life lenders, giving you whole-of-market
access and confidence.
Why Choose Mortgo Mortgages?
At Mortgo Mortgages, we have access to all the products across the whole Equity Release market — enabling homeowners to release equity in the way that’s right for them.
Is the money tax free?
The money released is completely tax free and, depending on what type of plan you choose, can be accessed as either a tax-free cash lump sum or in the form of a drawdown facility — as and when needed.
Is Equity Release safe with Mortgo Mortgages?
Yes. Equity Release is a safe and regulated way to access the value tied up in your home. At Mortgo Mortgages, all of our equity release products come with a No Negative Equity Guarantee, meaning you or your estate will never owe more than the value of your property when it is sold, provided the terms and conditions of the plan have been met.
How Equity Release Can Work for You
Access the equity in your home with confidence.
Homeowners exploring later life mortgages often have specific plans for the funds they release. Common reasons include repaying an existing mortgage, consolidating debt, financing home improvements, helping family members financially, or enhancing retirement lifestyle plans.
Mortgo provides expert guidance to help you understand your options and choose a solution that suits your needs and long-term goals.
5 Equity Release Safeguards to Protect You
Fixed or capped interest rates with lifetime mortgages
For lifetime mortgages, interest rates will be fixed or capped for the life of the loan
Right to remain in your home
You have the right to remain in your home for as long as you want to
No extra charges for moving home
You can move to another home without paying any extra charges (subject to lending criteria)
No negative equity guarantee
you’ll never owe more than the actual value of your home through the No Negative Equity Guarantee
The right to make penalty free payments
All customers taking out new plans which meet the Equity Release Council standards must have the right to make penalty free payments (subject to lending criteria)
Equity Release Eligibility Criteria
Must own your own home worth over
£70,000.
The property must be your main residence although there are products for buy to let properties and holiday homes.
The equity you release must pay off any remaining mortgage or secured loan.
Never. There is no obligation.
How Does Equity Release Work?
Equity Release works by enabling you to access funds from the equity you hold in your property. There are many factors which will influence the amount you can release — which is why we want to make the equity release process simple for you.
The amount of equity in your home is equal to the property value minus any outstanding debt on your home. With no mortgage or secured debt, your equity will be greater. However, factors such as age, health and lifestyle will also influence the amount you can release.
If you have an outstanding amount on your mortgage, this will need to be cleared either by existing funds or through the process of releasing equity. You can then spend the remaining money in any way you choose. To get a better idea of how much you might release, try our free equity release calculator.
Calculate Your Release
Get an instant estimate of how much tax-free cash you could unlock from your home.
Mortgo Mortgages — whole-of-market later life mortgage advice.