Dolphin Loans
Call us FREE on
0800 222 9 888
8am to 10pm - 7 days a week
No broker fees
Receive a tax-fee lump sum
Money free to do anything you choose – pay off your mortgage or make home improvements
Fixed rate of interest – know what you will owe from the outset
No monthly repayments required
Release funds as and when you need them
Voluntary and optional repayment plans available – choose what you pay back and when
Interest-free plans available (home reversion)
ERC Member

What is Equity Release?

First, what is equity? - Your equity in a property is the amount that you own outright. So, if you have a property worth £400,000 and do not have any mortgages secured on that property, then you have £400,000 equity. Whereas if you have a £100,000 mortgage on the property, then your equity is £300,000.

Equity release allows you to withdraw a tax-free sum from your property without having to sell it or live somewhere else.

It is a flexible way of accessing funds, as you can either receive the money in one lump-sum, or have it released in stages over a period of time, depending on the scheme you choose.

Money raised can be used for any legal purpose, for example home improvements, holidays, gifts to family, holiday home, new car, or to simply provide regular additional spending money.

 

How does equity release work?

The loan will be secured against your property and the interest charged is added to the loan facility on a monthly or annual basis.

On many plans interest payments are not required each month, instead it is repaid when the loan is redeemed.

Equity release offers flexible repayment options, so you can choose a plan that is suitable for you.

Fixed-rate options where the interest rate is fixed for the full term of the loan.

 

Is equity release right for you?

If you are over 55, equity release could be ideal for you if you have debts you want to pay off, your property needs refurbishment, or you would like a boost of income during retirement.

 

Benefits of Equity Release

  • Release a tax-free lump sum from your property
  • Plans available to raise funds using for your own home, a second or holiday home, or a buy-to-let/investment property
  • Money can be used for any purpose
  • No monthly repayments required
  • Flexible drawdown, voluntary and optional repayment plans are also available
  • Fixed interest rates available - providing the reassurance of knowing how much you will owe

We are able to offer competitive equity release facilities for various types of property

Own Home (Residential): This is your main residence in which you live.
Second Home/Holiday Home: This could be any additional property, aside from your main residence, that you have for personal use. This could be a property that you live in if you work away from home, or a villa that you own in a different country for use on holidays.
Buy-to-Let/Investment Property: This would be a property that you own for investment purposes. Usually this is a buy-to-let where you rent out the property to tenants.