John Lawson

(Rated from 1905 reviews)

Last updated 20 May 2020

Halifax Equity Release

Name: Equity Release
Item: Equity Release
Rating: 4.83
Author: John Lawson

I think you’ll agree with me when I say:

It’s REALLY hard to choose the best equity release provider with all the choices available.

Or is it?

Is Halifax equity release the best?

Did You Know?

Every 12 minutes a homeowner over 55 in the UK unlocks £91,667 tax-free cash?

Use the UK's Best Halifax Equity Release Quote & Save 👇

Get a FREE Halifax Equity Release Quote Now

We can almost always beat any existing Halifax equity release quote. Try us now.

Our providers can almost always match & BEAT any existing Halifax equity release quote.

About the Providers We Compare

Who Are Halifax?

The Halifax Group is an established private equity firm that invests alongside owners and managers of industry-leading growing and profitable companies. They specialize in investing patient, long term capital in the lower middle-market.

Want To Chat ?

Chat with our Equity Release Expert Now

* We’ll get an expert to give you a quick call.

Halifax Equity Release FAQ's

What is Equity Release?

It’s necessary to note that release is a way of releasing the wealth (cash) tied up in your property without the need to move. With release products, if you are over the age of 55, you can either borrow against the value of your home or sell all of it for a regular monthly income, a sum, or the facility to get at equity as and when you like or a combination of these options.

Read More About » What is Equity Release?

or How Much Equity Can You Release?

Types of Equity Release Schemes

Although there are many different plans available, they can all be split into four categories of release schemes.

Lifetime Mortgage

You release a lump from the value of your property, by taking out a debt secured on your property (provided it is your residence) whilst maintaining 100% ownership of your home. This amount, plus any interest accrued, (you can accept to make repayments) is repaid from the sale of your property when you pass away or move into long-term care.

Drawdown Lifetime Mortgage

his works similar to Lifetime debt but with a regular cash reserve/draw down option allowing you to withdraw amounts at a frequency you adopt up to a specified amount of years, or until the cash reserve has been used up.

Interest-Only Lifetime Mortgage

You get a lump and pay an interest on the loan, which can be fixed or variable, rather than allowing the interest to roll up. The amount you originally borrowed is normally repaid when your home is eventually sold.

Home Reversion Plan

Here, you sell some or all of your property to a home reversion provider in exchange for a lump sum of money or regular payments, whilst maintaining the right to remain living in your home, rent, for as long as you live, but you have to agree to maintain and insure it. At the end of the plan your property is sold and the sale proceeds are shared according to the remaining proportions of ownership.

What Can Equity Release Be Used For?

With a release scheme, you can use the money on almost anything you accept. There are many reasons for releasing from your home and here are just a few of them:

To supplement your pension income to cover expenses
To settle a repayment mortgage or clear the balance on an interest-only mortgage
To improve your standard of living
To see your family enjoy their inheritance while you’re still here
To carry out some home improvements
To take that holiday of a lifetime
To help your children onto the property ladder
To pay off other outstanding debt and lower your monthly outgoings.

See How Much Equity You Can Release

Is Equity Release Right for Me?

Note that release plans are not right for everyone and it is necessary that you fully consider your options and receive independent financial advice before making a decision. It is also important that, if you do decide to use a product, make sure you adopt one that meets your needs.

Remember that taking a plan is generally a long term option. However, there are flexible plans available that may fit your varying needs and some will allow you to repay in the future without any penalties.

A financial adviser can help you to select the plan that is right for you.

Use Some of Your Home's Value to Live Life Your Way

What Has the Biggest Impact on the Value?

There are a few variables but the two biggest are the value of your property, and the applicants age (the older the better!). Find out how much tax cash you can release from your home using the release calculator.

Do You Have an Existing Mortgage?

If you’re tired of mortgage payments, equity release might be a fantastic way for you to pay back that mortgage quickly. This is one of the many reasons everybody accept an equity release product.

Do You Have an Existing Equity Release?

Things change. If you’ve already released equity from your home in the past, you can often keep a massive amount by getting a lower interest rate. Get a quote and find out if you qualify for a lower interest rate.

Read More About » Equity Release Companies

What People Say

You are the best. You delivered just what you mentioned you would that was much better than anybody else. I can not rate you highly enough!!

SovereignBoss is perhaps one of the most comprehensive equity release portals for one reason: apply and within moments you’ll get connected with the nationwide lenders without any extra work on your part.

GET YOUR FREE

Halifax Equity Release Quote

PS – If you’re anything like us, you just skipped to the end anyway.

So here’s the scoop – we are offering to get you the best for equity release from the best equity release.

Our intention is to help you by finding the best equity release provider so that you can spend the money on something that you really want to, rather than on a high tax bill.

⚠️(Spoiler**) Most send us a personal thank you because we do such an incredible job – you’ve been warned. ⚠️