Step Change Equity Release (Oct 2021)
Step Change Lifetime Mortgage Review
Are You Considering Step Change Equity Release? What are the Pros, Cons & Costs? Discover If Step Change Lifetime Mortgage Schemes are for You.
Before You Start Reading...
Let's See How Much You Can Release 👇
Step Change Equity Release Review
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 Step Change equity release the best?
- Understand the services that Step Change offers.
- Determine if Step Change might be able to assist you and your family on your equity release journey.
- Learn how to get in touch with the Step Change team.
As experts in the equity release field (we’ve reviewed over 250 schemes!), we’ve combed the market, researched all equity release service providers and narrowed it down to who’s on top.
What's Equity Release & How Does It Work?
We've summed up the most important information about the topic in this quick video.
An equity release mortgage is, in a nutshell, a loan plus interest that is paid back to the lender when the homeowner passes away or goes into permanent care. The homeowner’s family usually pays back the cash released, and the interest incurred, from the sale of the home in question.
Equity release is available for individuals or couples over 55, with the youngest homeowner’s age determining the amount of equity that can be released. It is important to note that some equity release schemes may require the homeowner to be 60 or older.
Learn More: What’s Equity Release & How Does It Work?
What About the Step Change Equity Release Calculator?
Before you consider using the Step Change equity release calculator, please take note.
Our providers can almost always match & BEAT any existing equity release quote that you find through Step Change. So first use this calculator below & see how much you can release.
How Much Can You Release?
Use the FREE Calculator 👇
It's VERY FAST, takes just 8 seconds
Now, compare and save: Search over 200 equity release council approved plans and find the best deal for the amount of money that you need.
Why get a free quote?
Multiple quotes
Get quotes from our providers & choose the best one
Speak to an expert
We’ll get an expert to contact you to answer any questions
About the providers we compare
Helped more than 1 million people with equity release.
Organised over 1 in 3 plans approved by the Equity Release Council1.
Most popular reasons for releasing equity
- Add to your retirement income.
- Pay off your credit debts or loans.
- Gifting money to family. (E.g. helping children pay a deposit on their first house)
- Paying off an existing debt.
- Going on that dream holiday.
- Replacing your car with the one you've always wanted.
- Making home & garden improvements.
Learn More: 12 MOST COMMON Uses of Home Equity Release
StepChange Reviews & Ratings
Step Change's Equity Release & Lifetime Mortgage Schemes
- No Schemes Listed Yet
Not what you're looking for?
Who Are Step Change?
The Foundation for Credit Counselling’s StepChange Debt Charity, 1 originally the Consumer Credit Counselling Service, is a debt charity that operates across the UK.
Step Change is the most comprehensive debt advice programme in the United Kingdom. They assist those who are in debt in regaining control of their money and life. The company’s mission is to build a society free of debt problems. Problem debt affects more than just people; it also affects families and communities, costing more than £8 billion every year.
Step Change will help society overcome the issues that debt produces in the twenty-first century by assisting individuals who are in debt and advocating for laws that try to avoid problem debt. Millions of lives have been changed as a result of the company’s initiatives, and they are devoted to aiding millions more.
Step aspires to be the most trusted supplier of free debt advice and solutions, and they’ll continue to advocate everything that’s finest in free debt advice and debt management, with the help of its partners and stakeholders.
With 1,500 staff in offices around the nation, the UK’s largest debt charity is at the forefront of offering debt advice and solutions.
The following are some of their main goals:
- Promote and raise knowledge about free debt counselling and solutions
- Improve people’s financial knowledge and abilities so they can better manage their finances and obligations
- Be the most effective and long-term source of debt counselling and solutions
FCA Address
123 Albion Street
Leeds
LS2 8ERL S 2 8 E R
UNITED KINGDOM
Trading Names
Current
- STEPCHANGE VOLUNTARY ARRANGEMENTS
- Foundation for Credit Counselling
- STEPCHANGE
- STEPCHANGE DEBT CHARITY
- STEPCHANGE DEBT CHARITY SCOTLAND
- STEPCHANGE DEBT REMEDY
- STEPCHANGE MONEY AWARE
- Stepchange NI
- Stepchange Northern Ireland
- STEPCHANGE VA
- Stepchange Wales
- www.stepchange.org
Previous
- Betterpay
- C.C.C.S
- C.C.C.S Debt Remedy
- C.C.C.S Ireland
- C.C.C.S NI
- C.C.C.S Northern Ireland
- C.C.C.S Scotland
- Consumer Credit Counselling Service
- Debt Line
- Irish Debtline
- Scottish Debtline
- STEPCHANGE EQUITY RELEASE
- STEPCHANGE ER
- STEPCHANGE FINANCIAL SOLUTIONS
- Stepchange Money Matters
- STEPCHANGE VOLUTARY ARRANGEMENTS
- Stepchange Wellbeing
- Student Debtline
- The Debt Helpline
FCA Permitted Services
- Insurance
- Investments
- Other Services
Regulators
- Financial Conduct Authority
- Financial Services Authority
Registration Numbers
- FCA Ref Number: 729047
- FCA Reg Number: 2757055
Step Change Info
- Address: StepChange Debt Charity, 123 Albion Street, Leeds LS2 8ER
- Phone: 0808 1686 719
- Email: info@stepchange.org
Got Questions About Step Change & Lifetime Mortgages? Check These First
Is Step Change A Member of the Equity Release Council?
What Are Step Change's Interest Rates on Equity Release?
Who Owns Step Change?
Where is Step Change Located?
Conclusion
PS – If you’re anything like us, you skipped to the end anyway.
So here’s the scoop – our intention is to help you by finding the best lifetime mortgage so that you can spend the money on something that you really want to, rather than on a high tax bill.
Most send us a personal thank you because we do such an incredible job.
Contributors: Nicola Date, Katherine Read
Reviewed by Francis Hui
Editorial Note: This content has been independently collected by the SovereignBoss advisor team and is offered on a non-advised basis. Sovereignboss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.
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Most people are using equity release as a means of retaining the use of their house while also obtaining a lump sum or a steady stream of income. Get matched with an expert and check your eligibility for equity release options.
Use our free equity release calculator & see how much you can release today.
