We’ve created this website specifically for UK based, qualified financial advisers only.
If you’re not a financial adviser we can redirect you to the appropriate part of our website.
Please confirm if you’re an adviser.
Equity release can help a client pay for long-term care without having to sell the home. It’s more suited to people who choose to receive care at home, instead of moving to a residential care home. Equity release can help pay for the costs to modify a home, or meet the expense of a domiciliary care company providing care in the home.
If a client is receiving care in a residential care home it’s not so straightforward. This may be a suitable option if the equity release plan is in joint names, the partner can remain in the home for life or until they move into a long-term care home. When this happens, the amount due to the equity release provider is paid from the sale of the property.
For a single person who's moving into a care home an equity release plan won't be appropriate because the conditions for selling the property will have already been met.
There are two main types of equity release products:
The equity release market is regulated by the Financial Conduct Authority. Most equity release providers are also members of the Equity Release Council. Membership means they must adhere to strict standards. These include:
This website is designed to give professional financial advisers information and tools that they can use to help control and develop their business and should not be relied upon by private investors or any other persons.