‘Absolutely fantastic from our first meeting to our last meeting and continuous phone calls and emails. Without Stuart this process would not have felt so easy. He guided me through everything,even when my questions felt silly’

Miss Stacey, Plymouth


Frequently Asked Questions 

How much equity can I release?

This varies based on your circumstances, age, property value and the plan chosen. 

Are there any fees?

There are fees for valuation, arrangement, your solicitor and advice.

Will I pay tax on the cash released?

No, any cash released is tax free.

Would this affect my tax position or state benefits?

Depending on your personal circumstances these could be affected, so please discuss matters with your equity release adviser

Do I still own my home?

Yes. You can live there until you move into long-term care or die. In the case of a joint Lifetime Mortgage, the death or entry of the second person into long-term care would bring the mortgage to an end.

Can I move?

With a portable plan, you can often take the plan with you if you move house.

Can I end my plan early?

Some plans allow you to repay the whole loan and interest –please note there may be an early repayment charge which can be expensive.

Can I borrow more if my property value increases?

Depending on your plan, you may be able to borrow more based on an increase in your property value. 

How is my lifetime mortgage paid off?

This varies based on your circumstances, age, property value and the plan chosen.

Can I leave an inheritance?

Although equity release reduces the value of your home, any money remaining when it is sold, and the equity release plan repaid, will belong to your estate.

Who sells the house?

Your house can be sold by you or your legal advisor if you go into long-term care. If you die, it will be sold by the person who is dealing with the administration of your Estate.

Equity release Plymouth.

Equity Release

About Ocean Equity Release

First time buyer mortgage broker Plymouth.

What Equity Release can be used for

What Equity Release can be used for

Mortgage broker Plymouth.

Calculate the amount you can raise

How to calculate Equity Release interest

Equity Release

The Equity Release Process

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Equity Release set up costs

How much will Equity Release cost?

Modern Day Equity Release

The advantages of modern day Equity Release

How Equity Release has improved. 

Equity Release

Alternatives to Equity Release

What other options are available? 

Frequently Asked Questions about Equity Release

Frequently Asked Questions


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How Equity Release helped me

Our Client Wendy, and how Equity Release helped her