Which Equity Release Review (2025): Best and Worst
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- Which? doesn't offer equity release. Which? provides valuable information on various financial products and services, equity release isn't among their offerings.
- Which? recommends equity release plans based on thorough reviews, customer satisfaction, and compliance with Equity Release Council standards.
- The best equity release options include lifetime mortgages and home reversion plans, evaluated for their terms and flexibility.
- Which? covers a wide range of financial topics, assisting in your overall financial planning and decision-making process.
If you are a retiree researching equity release, you've probably heard about Which?.
You may be wondering if Which? actually offers equity release, or if it's only a source of information on the topic.
We've done extensive research to assist you in narrowing down all the relevant information about potential later-life lenders.
In This Article, You Will Discover:
At SovereignBoss, our research team has spent countless hours reviewing equity release information and putting it together in an easy-to-use format.
Let's find out more!
NOTE: SovereignBoss is an impartial and unconnected third-party information provider via this website, and the details provided in this commentary represent the opinions of SovereignBoss only and may not reflect the views or opinions of Which?. This article must not be interpreted as advice, nor is it a solicitation to conduct transactions in any financial product provided by Which?.
What’s Equity Release?
Equity release is a financial option that allows homeowners, especially those in retirement, to access the cash value of their property without needing to sell it.
This solution provides a means to obtain funds for various needs while continuing to live in your home.
It is particularly beneficial for individuals who have substantial property equity but limited liquid assets.
The two primary forms of equity release are lifetime mortgages and home reversion plans.
A lifetime mortgage lets you borrow against your property’s value, while a home reversion plan involves selling a portion of your home in return for a cash payout.
Who's Which??
Which? is dedicated to raising knowledge about the legal ramifications of lifetime mortgages and reversion plans.
These include lifetime interest-only mortgages, hybrid lifetime interest only/compound mortgages, and traditional lifetime mortgages.
Why Consider Which??
You should consider Which? because its trusted team of journalists conducts rigorous research and advocates for consumer choices and causes.
Which? regards itself as the people's voice on all economic issues and utilizes its influence to effect positive change in the markets, including taking on fraudsters and politicians.
Which? has a reputation for ethics and customer-centricity.
Does Which? Have an Alternative to an Equity Release or Lifetime Mortgage Calculator?
Yes, Which? has other mortgage calculators that you can use if you're considering an alternative to equity release.
If you're looking for an equity release calculator, you can our one below.
How Did We Review the Info on Which? & Equity Release?
We reviewed Which? by gathering all the latest information available about it.
We are a 3rd party reviewer and our review of Which? is independent. We're not affiliated with it.
Customer Reviews
You can view Which? customer reviews below.
- UK.TrustPilot.com customer reviews on Which?
- Review of Which? available on ReviewCentre.com
- Which? Reviewed on Reviews.io
Which? Complaints
To lodge a complaint with Which?, you can contact it via the following channels:
- By email at: complaintsteam@which.co.uk
- By calling them on: 02922 670030.
- You can also write to them at:
Which? Complaints Team, 3 Capital Quarter, Tyndall Street, Cardiff, CF104BT.
Which? will do its best to resolve your complaint within 1 business day of receipt.
If it can’t resolve your complaint within 3 business days, it’ll write to you on the 5th business day to inform you of when you can expect a reply.
The alternative is to use a review site such as Trustpilot or Feefo and leave a review.
What Are Which?'s Interest Rates?
Which? is not a product provider so it doesn't offer any interest rates, however, it does provide useful money-saving tips.
Interest rates for equity release range from 5.97% to 6.28% depending on your circumstances.*
View the latest rates here.
*While we regularly review our rates, these may have shifted since our last update.
What Are Which?'s Fees?
Which? charges a yearly membership price of £69, which includes access to all of its services.
What Are the Advantages & Disadvantages of Which??
Which? Pros
- Members get free financial advice via the Which? Money Helpline.
- It’s independent, so your advice is sourced from the whole market and not just from 1 provider.
Which? Cons
- Although advice from Which? is personalised, it’s not licensed to give regulated advice.
- The advice service is only available to subscribers who pay subscription fees.
Regulators
Registration Numbers
- FCA Ref Number: 610689
FCA & Companies House Link
- FCA Link: FCA Link
- Companies House Link: Companies House Link
Which? Contact Number & Address
- +442077707000
- helpdesk@which.co.uk
- 02 Marylebone Road, London NW1 4DF
Common Questions
How Does Which? Recommend Equity Release Plans?
What Are the Best Equity Release Options According to Which?
What Fees and Rates Do Which? Equity Release Schemes Have?
Can I Trust Which? Reviews for Equity Release Services?
How Safe Is Equity Release Through Which? Providers?
Conclusion
Which? is well known in the consumer sector as a rights champion.
It's trusted for its ethical reviews, and for being a real advocate for consumer rights.
Before you make any financial decision, it's always best that you seek advice from your trusted advisor.
The features mentioned and the amounts raised, are subject to the lender’s criteria, terms and conditions. These may take into account the age, health and lifestyle factors in order to provide an enhanced amount. To understand the features and risks, ask for a personalised illustration.