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Alternatives to equity release

There are many reasons for wanting extra cash or income and equity release is not suitable for everyone so before taking any action you should consider the alternatives.


People in retirement often find their income from State and other pensions may no longer meet their daily expenses, maintain their standard of living or pay for the unexpected events or clear debts.

As an alternative to equity release you can consider other routes and the following are a number of options you can consider:
Other Ways to Raise Extra Money
Downsize by selling your existing home
Use other savings or investments
Rent a room and take on tenants
Re-budget to live on less money
Your family could help with funds
Claiming grants or state benefits
Government rented homes
Move to live with family members
If you need more income you should first ensure you are claiming the state benefits and grants you are entitled to receive and perhaps you could re-budget your finances to allow you to live on less money.

Another option would be to ask family members to help either with your income in retirement or if your home has a spare room you could consider taking on a tenant to generate more income.

If you need capital you could consider using your savings although people may be reluctant to use their emergency savings in case they are needed in the future and may look at downsizing to a smaller property to raise cash.

The advantage of downsizing to a smaller property is that you will release the cash you need without the need or extra cost of a mortgage although you would have less space and the expense of moving including stamp duty on your new home.

Equity Release



Equity Release Best Buys

These are examples of equity release products we can approach with many more offering interest rates and flexibility to meet your needs.

2.95% Fixed Rate
Interest Roll-Up
15% Loan to Value
£650 Lenders Fee
2.96% AER
2.72% Fixed Rate
Interest Roll-Up
20% Loan to Value
£0 Lenders Fee
2.83% APR
2.87% Fixed Rate
Interest Roll-Up
35% Loan to Value
£0 Lenders Fee
3.00% APR
2.71% Fixed Rate
Interest Roll-Up
20% Loan to Value
£5 Lenders Fee
2.70% APR

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Free Equity Release Quote

As equity release advisers we can recommend products with the flexibility to meet your needs. Access your quotes via your dashboard to start your equity release application online 24/7 using a tablet or smartphone if you are on the move or from the comfort of your home.

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  • IMPORTANT

    Equity Release may involve a Lifetime Mortgage or a Home Reversion Scheme. To understand the features and risks, please ask for a personalised illustration. Equity Release may affect your entitlement to means tested state benefits and will impact on the size of your estate. For Equity Release London City Mortgages charge a fixed fee upon completion of £695. For Mortgages a fixed fee is charged on application. Typically this is from £295 up to £495 for the services selected.

  • WARNING

    Equity Release - Equity Released from your home will be secured against it. Mortgages – Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured against it. Think carefully before securing other debts against your home. The information contained in this website is subject to the UK regulatory regime and is therefore intended for consumers based in the UK.

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