Question 1

Is equity release advice from Equity Release Advice free?

Accepted Answer

Yes. The initial consultation arranged through Equity Release Advice is free and no-obligation. You only pay if you decide to proceed with a personal recommendation from your matched FCA regulated adviser, and any fees are explained upfront before you commit.

Question 2

Are the equity release advisers FCA regulated?

Accepted Answer

Yes. Every adviser we match you with is authorised and regulated by the Financial Conduct Authority (FCA), the UK regulator for financial services. You can verify any adviser on the FCA Financial Services Register.

Question 3

Who is eligible for equity release?

Accepted Answer

You must be aged 55 or over (60+ for home reversion) and a UK homeowner with a property worth at least £70,000. Your home must be your main residence. Your FCA regulated adviser will confirm your eligibility for free during your initial consultation.

Question 4

What is drawdown equity release?

Accepted Answer

Drawdown equity release lets you set up a tax-free cash facility against your home and only draw down funds as and when you need them. Interest only accrues on what you have actually drawn, which typically saves thousands compared with taking one big lump sum.

Question 5

Can I use equity release to clear debts?

Accepted Answer

Yes. Many homeowners use a lifetime mortgage to clear an interest-only mortgage, credit cards or personal loans. Because there are no required monthly repayments, equity release can significantly reduce monthly outgoings — but your adviser will check it is the right option for you before recommending it.

Question 6

Is equity release safe?

Accepted Answer

Modern equity release plans from Equity Release Council members include a no negative equity guarantee — so you can never owe more than your home is worth. All advisers we match you with are FCA regulated and will only recommend plans from authorised lenders.

Question 7

Where in the UK does Equity Release Advice cover?

Accepted Answer

We cover the whole of the United Kingdom — England, Scotland, Wales and Northern Ireland. Consultations can be held by phone, video call or in person, depending on your preference and your matched adviser's location.

Get More Out Of Your Equity Release