Equity Release

Releasing wealth from your property, without having to sell

Is equity release right for you?

Equity release is a way of releasing the wealth tied up in your property, without having to sell it and move to another home. Designed to help customers over the age of 55 who either own their property outright, or have small mortgages left to pay, equity release is an expensive way of raising money and generally only suits a small percentage of our clients. We will only recommend equity release if it is appropriate to your situation and after looking at all the other available options you may have, which will include:

Downsizing – you may want to look at moving to a smaller property in order to release capital.
Selling other assets – you may own other assets you can sell to raise money.

What is Equity Release?

Equity release schemes enable older home owners to release cash from the value of their property without the need to move house. You could choose to either borrow against the value of your home or sell all or part of it in exchange for a lump sum or regular monthly income. It may also be possible to take further monies from your property at a later date, if required. Reasons for wishing to take out equity release may include finding cash necessary for;

  • Long-term care
  • Medical needs
  • General living costs
  • Helping out family members
  • Home improvements
  • Travel and hobbies

We will only recommend equity release if it is appropriate to your situation and after looking at all the other available options you may have.


Generally there are certain conditions that need to be met before taking out equity release, for example:

  • You will need to be a minimum age of 55
  • You must be a home owner with no dependants living with you
  • You have little or no mortgage left on your property
  • Your property must be in reasonable condition
  • Your property must be over a certain value

good, sound advice…professional in understanding our circumstances

“Just to express our thanks to John Collins of Henderson Stone. He patiently explained in detail all our options for equity release, what was involved and how the process worked. He also gave good sound advice on other matters including life insurance to which we are very grateful. Everything was taken care of so efficiently. Also, John was very professional in understanding our circumstances. I would not hesitate in recommending John and Henderson Stone to my family and friends. Many thanks John!”

Mr & Mrs E. Glasgow

Costs & Fees

The costs and fees for setting up an equity release plan will vary between different providers. Typically they will include:

  • Completion, arrangement or application fees that cover administration costs
  • Valuation fees that will depend on how much your home is worth, with higher prices for more expensive properties
  • Solicitors’ fees that cover the legal work carried out on your property
  • Early repayment charge if you want to pay off your loan early

It is important to make sure you get specialist financial and legal advice before signing up for an equity release scheme.

Our Guide to Equity Release

This covers the different types of equity release, important you should take into consideration and outlines how we can help.

Click here to read or download ‘Guide to Equity Release’

If you would like to know whether equity release might be the right solution for your particular circumstances, call us to arrange a no-obligation meeting with one of our advisers.
The initial consultation is always at our expense. Depending upon circumstances we may also encourage you to involve immediate family members in any discussions, as well as seeking legal advice.
Equity Release, including Lifetime Mortgages and Home Reversion Plans, will reduce the value of your estate and can affect your eligibility for means tested benefits.

Contact Form

Book a free initial consultation*, ask a question or request a call back. Call us on 0141 352 7800 or fill in the form below.

* Any work you ask us to carry out as a result of this meeting will be fee based.

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