Call us
01242 697821

Blogs

Keep up to date with the latest news and our guides on all things mortgages. 

Should you use equity release to pay off your mortgage?

Should you use equity release to pay off your mortgage? Are your repayments stopping you from saving more for retirement?

Using the equity in the property can secure a comfortable retirement. You are essentially taking value from your house to pay off the mortgage. And if you plan on staying in the house for a while longer. Or house prices have gone up a lot since you brought. The house sale will cover the equity loan only after you pass away or move into care. 

Imagine the possibility of retiring early or working fewer hours. All while keeping your beloved home. Equity release could make this dream a reality.

Your mortgage must be repaid in full as part of the process. But once this is completed. You may be able to release more to ensure you get the most out of your retirement. 

Rest assured, we're here to guide you. We'll walk you through all the advantages and potential drawbacks of equity release. Ensuring you make an informed decision. 

Some elements to consider. Generally, you must be over 55 years old to secure equity release. Taking out equity is a loan against your home’s value. Because of this it may affect your inheritance. It’s important to weigh all the options and chat with your family. 

You can only receive equity release through a provider. We are obligated to give advice you can trust and we can look across the whole market to find the perfect product for you. Contact us today for more information.

SPEAK TO AN ADVISER

This is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice. A fee may be charged for mortgage advice. The exact amount will depend on your circumstances.

Related

How to sell your home over Christmas

How to sell your home over Christmas

The festive season may not be the most conventional time to sell your home, but it can actually be a...

Read More >
Secured loans – Defeat the debts

Secured loans – Defeat the debts

It’s no secret that the results of the pandemic and the more recent cost of living crisis have left...

Read More >
Fraudsters on Facebook Marketplace

Fraudsters on Facebook Marketplace

According to Lloyds Banking Group fraud insights data, there has been a 75% increase in people getti...

Read More >
With Home Insurance premiums on the rise, here are some free ways to freshen up your home!

With Home Insurance premiums on the rise, here are some free ways to freshen up your home!

There has been a 6% increase in combined buildings and contents insurance since last year. In the cu...

Read More >
Do children need health insurance?

Do children need health insurance?

We often get asked, ‘Does my child need health insurance?’ We can’t answer this question for you,...

Read More >
Protecting Your Family’s Financial Security with Life Insurance

Protecting Your Family’s Financial Security with Life Insurance

When you buy a new home, you're often making one of the largest financial commitments of your li...

Read More >

What our clients say...

Latest Blog

Key Changes to Stamp Duty

As of April 1, 2025, significant changes to the UK's Stamp Duty Land Tax (SDLT) have come into effec...
Read More

Here are some tips for managing bills and finances when you don’t have a regular income

Managing money and bills self-employed can feel like a juggling act. Especially since you don't have...
Read More

Look after your health to ensure you are ready to work

Managing money and bills self-employed can feel like a juggling act. Especially since you don't have...
Read More

Is equity release available for the self-employed?

Are you self-employed, retired, or unemployed and looking for equity release? Are you wondering if y...
Read More

Why income protection & critical illness cover are extra important for the self-employed

If you're self-employed in the UK, income protection and critical illness cover are extra critical. ...
Read More

Do you need extra building and content insurance policies in place if you work from home?

Maybe you've spent a bit of time putting together your business. Now everything is going well, you w...
Read More

Can I get a mortgage if I’m self-employed? Plus other commonly asked employment questions

Work habits in the UK continue to evolve and change. And so, the mortgage industry is addressing con...
Read More

Health Insurance and Buying a New Home: Why They Go Hand in Hand

Buying a new home is an exciting milestone but also a significant financial commitment. While health...
Read More

Selling this spring? Top tips to get your house ready for sale!

Firstly, let’s ask, how does your house look from the street? First impressions are so important wh...
Read More

What insurance do you need to buy a home?

Are you buying a home in 2025? You’ve sorted out your finances, found the perfect home to buy, and ...
Read More


Fairview Financial Ltd is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority. Fairview Financial Ltd is registered in England and Wales no: 10912424. Registered office: 107 Promenade, Cheltenham, GL50 1NW.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

@ 2020 by Fairview Financial

Our Fees        

A fee may be charged for mortgage advice. The exact amount will depend on your circumstances.

Our standard fee for mortgages is £395 and this is paid when the mortgage is offered. We charge a fee of £295 First-Time Buyers. Other fees may apply depending on the complexity of the work involved or loan amount. The maximum fee we can charge is £795.

Our standard fee for Equity Release is £895 and this is paid on completion.

We also receive a commission from the lender that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. If we receive a commission, this will not affect the cost payable by you.

THINK CAREFULLY ABOUT SECURING OTHER DEBTS AGAINST YOUR HOME.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.

BUY TO LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

EQUITY RELEASE: THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, PLEASE ASK FOR A PERSONALISED ILLUSTRATION. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.


  • Back to top