Equity release

Eldesperado

Hi
Can anybody give me an idea of how much Equity could be released from my property.
It's mortgage free and it's current value is about 340K

DullGreyGuy

How old are you?
Are you intending/wanting to make any repayments?

Its not clear if you are youngish and just need a cash injection and so a regular mortgage is fine or if you are past a certain age and need to permanently take equity out the house accepting the insurer gets the house (or most of it) when you pass.

MWT

Eldesperado said:

Hi
Can anybody give me an idea of how much Equity could be released from my property.
It's mortgage free and it's current value is about 340K

Also need to know if the property is held in your name only, and if not then will need to know the age of the youngest owner.

If we are talking about a Lifetime Mortgage then you also need to consider that the lenders can be picky about what they will lend on so a little information about the nature of the property would help, traditional construction and no adjacencies to commercial property, with the building in a good state of repair and no clutter inside the property would be positive factors for example...