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Have you tried our free equity release calculator?

Our friendly team of experts at StepChange Financial Solutions can help find the best equity release option for you.

If you’re aged 55+, try our simple equity release calculator and get an instant idea of how much money you could release. Whether you’re looking to make home improvements, top up your retirement income or facing a mortgage shortfall, you may be able to benefit from a tax-free cash lump sum or access to a flexible borrowing facility.

Unlike other equity release advice providers, our qualified advisors are salaried with no sales targets, bonuses or commissions, so you can feel safe in the knowledge that their only priority is finding the right option for you.

Equity release advice is provided by StepChange Financial Solutions, a subsidiary of StepChange Debt Charity. It is not a lender but works on behalf of our clients to search the market for a range of mortgage and equity release products that will best suit their needs.

Why choose us for equity release?

  •  Fee-free: We don't charge you a fee for our advice. There aren't any hidden charges

  •  Unbiased: Our advisors don't work to sales targets, bonuses or commissions for products or lenders, meaning our advice is independent and impartial

  • Specialist: We are experts in meeting the needs of clients looking to release equity for a range of needs, including managing debts or retiring

  • Trustworthy: In 2020 and the first half of 2021, 98% of clients that we surveyed* said they would recommend us to family or friends

*Source: StepChange client survey 2020 and 2021.

Find out if you could benefit from equity release

Call us now for FREE on 0808 1686 719 for no-obligation advice. Looking for other ways to get debt help? Find out how to contact us.

How equity release helped our clients

Since we began in 2010, StepChange Financial Solutions has been helping people across the UK explore their options and access the money tied up in their homes. 

Find out more about how our free and impartial equity release advice has changed our clients' lives and why they'd recommend our service.

Katherine, at home in Maidenhead

Katherine, drawdown mortgage

"I felt very confident because they [Which?] recommended it, and I felt very confident when I spoke to Richard, he was very friendly, and explained everything."

Find out how we help Katherine
Gareth at home

Gareth, lifetime mortgage

“I would definitely recommend StepChange Financial Solutions, I thought they were really good...equity release was right for me, and without StepChange it wouldn’t have happened."

Find out how we helped Gareth

Benefits of equity release

  • A fixed interest rate for the lifetime of the mortgage
  • The ability to release funds of up to 58% of the value of the property
  • No negative equity guarantee, this means you never have to worry about owing more than the property value
  • You don't have to make any monthly payments, but if you would like to make flexible payments to cover the interest or more, you can
  • In most cases, adverse credit won't affect your ability to take out an equity release product
  • If you're retired or on a reduced income and are coming to the end of an interest only mortgage term, you could use the equity within your property to stay in your home


Risks of equity release

  • You don’t pay tax by releasing equity, but the way it’s released might affect your tax position and entitlement to means-tested benefits
  • There may be more suitable alternatives, such as downsizing to a smaller property or remortgaging
  • Future property prices might be higher or lower than they are today
  • Releasing equity from your home will reduce the value of your estate, affecting the amount of inheritance you might leave
  • There are implications to securing other debts against your home
  • Consolidating debts over a longer period may mean you pay more overall
  • If you're planning home improvements, a government grant may be a better option for you

Equity release options

There are also different types of product options available, which can be tailored to your individual needs. These include:

  • Interest only lifetime mortgage: borrow against the value of your home, repaying all or part of the interest
  • Lifetime mortgage: borrow against the value of your home with the option of making flexible payments or allowing the interest to be added to your mortgage
  • Home reversion plans: sell your home, or a share of it in exchange for rent-free lifetime tenure or a cash lump sum

Get in touch with us for equity release advice

The easiest way to contact us is by calling 0808 1686 719 free from a mobile or landline. We're open Monday to Friday, 9am to 5pm. Alternatively, if you'd prefer someone to call you back please complete the contact form below.

Looking for other ways to get debt help? Find out how to contact us.

Find out if you could benefit from equity release

Call us now for FREE on 0808 1686 719 for no-obligation advice.