How Equity Release Can Work for You.
When looking to release equity from a property, our customers typically have an idea of what they would like to spend their money on. Whether it be paying off an existing mortgage or loan, going on the holiday of a lifetime or making improvements to their home, there are numerous reasons why our customers choose to release equity from their home.
A few of our
Lenders
Meet some of our
Advisers
Our trade body
Membership
Award winning service with Bower Home Finance
The team at Bower Home Finance are overwhelmed to have won the award for Best Equity Release Adviser Customer Service for the 12th year running at the What Mortgages Awards 2025.
Delighting customers with a great customer experience is at the heart of everything that we do. To win this award is a testament to the importance Bower Home Finance places on high standards of advice and service that we have been able to provide, even in these challenging times. Read more about our award winning service here.
Our Services
What Bower Home Finance does for you
At Bower Home Finance, we will understand your unique circumstances and advise you to ensure you are receiving the best plan to meet your objectives. There are plans that allow you to make voluntary repayments and move home, subject to lender criteria. However, early repayment charges may apply in certain circumstances.
Bower Home Finance provides independent, impartial whole of market equity release advice with an award-winning customer service experience. Initial advice is provided at no cost to you and without obligation. Only if you choose to proceed and your plan completes, would a typical advice and administration fee of £1,695 be payable.
Equity release requires paying off any existing mortgage. Any money released, plus accrued interest to be repaid upon death, or moving into long-term care. Equity release will reduce the value of your estate and your entitlement to means-tested benefits now or in the future, and impact long-term care funding. If you are considering equity release, we strongly recommend that you read our Equity Release page carefully and talk to one of our specialists before deciding if you wish to proceed.
We work together, we support each other.
And this drive shows in everything we do for our customers
Geoff Charles
CEO
Our Commitment to Keep You Protected.
All our equity release lenders are members of the Equity Release Council, and we only ever recommend equity release plans that meet their high standards. For your added protection, your solicitor will carry out all the legal work. We also have a panel of Equity Release Council independent solicitors you can choose from, if that would help. These legal safeguards mean you are protected throughout your equity release journey.
How Bower Home Finance can help you
If you’re thinking about unlocking cash from your home then you need to talk to the experts at Bower Home Finance. We are independent, professional and impartial. And our award-winning team of national, expert advisers will only ever suggest the plan that is the most suitable for you from all of the regulated whole of market providers.
Our Customer Reviews
Our Customer Reviews
- Trusted Customer
- Trusted Customer
The service we received was very professional, friendly and efficient. Paul explained everything and put our minds at ease. 👍
- Trusted Customer
Andrew was very friendly and helpful all the way through to completion of our businessFruendly, assuring,
- Mr & Mrs Southcott
excellent service knowledgeable staff .would recommend this company
- Mrs Lambert
Given lots of information. No pressure at any point. Easy to arrange and the person I had supporting me was amazing. Just like chatting to a friend. I suppose I can't name her due to confidentiality but she was always fantastic no matter how many questions I had. I even had a call from the Boss who was so lovely as well. It's so nice to not feel intimidated so if anyone out there is considering using more to life don't hesitate.
- Trusted Customer
From the very beginning I was given all the information and guidance and support. Then they kept in touch with information and keeping me up to date with the process.From the valuation of the house to the lawyer with the forms to be signed. Bower checked that I was happy with everything until everything was finalised.
- Mrs Edwards
David explained everything throughly. He was very pleasant and helpful all the way through. I would recommend the company they are very efficient.
- Mr & Ms Purvis
I could not speak more highly of Patrick McCarry. He went well above his remit to help me buy my forever home. His patients and understanding of my position was second to none. I shall be forever grateful to him and would urge anyone to speak with him. Patrick you are my star.
- Mr Charlton-Hubble & Mr Richens
We approached Bower Finance with trepidaetion as a previous company let us down badly. To our surprise, everyone was so helpful and efficient. We truly felt they were here to look after us and do not say that lightlhy. We found Vanessa and Karen a great team and helped us out at every stage. This was a big step to take and we were reassure all the way through it was the right thing to do and we feft we were with the right tea, Thanks to all at Bower and to their Solicitors.
- Trusted Customer
Working with Mike Rasberry at Bower Home Finance has been a thoroughly satisfactory experience. They took time to understand our financial objectives, offering clear and concise advice that has ultimately provided great reassurance for our future. Glad they were recommended to us and would happily do likewise.
- Trusted Customer
I recently dealt with Bower Home Finance for releasing equity from my property and I honestly could not recommend them highly enough. My mortgage adviser, Patrick McCarry, made the whole process seamless from start to finish. His attention to detail and correspondence were exceptional, and he kept me informed every step of the way. Patrick took the time to explain the process clearly and thoroughly, which made what could have been a stressful experience feel straightforward and reassuring. I would thoroughly recommend Bower Home Finance to anyone considering equity release.
- Mr Ashley
Patrick McCarry was professional from the start even after we had changed our criteria from cheapest to fixed. The whole process was quick and we were constantly updated as to the progress. Would definitely use again.
- Mr & Mrs Foster
Patrick was exceptional, nothing was a problem
- Mr & Mrs Rogers
Very professional and polite .Took us through the whole procedure from start to finish and explained everything along the way .Answered all our questions and gave us all the information that we required in an easy to understand way.He was always there when we needed a question answering or were unsure of something ,he always got back to us .I would highly recommend Steve and the company as they went above and beyond in every way they possibly could.
- Trusted Customer
The service we received was exceptional, and Maxine went above and beyond to achieve this. She was very informative all the way through and kept trying to find ways to accomplish our goal with success.
- Mr Clive Hunter
This company ( particularly their representative that dealt with myself, Patrick ,was Very helpful indeed. I had many many questions throughout the process : all of which, were promptly addressed, in a most helpful and knowledgable manner. I would thoroughly recommend Bower Home Finance to anybody requiring financial advice or assistance.
- Trusted Customer
Excellent service and very efficient and friendly was .like being helped by a friend
- Mr Power
I was very impressed with the friendly and helpful attitude of the Bower representative and the speed and efficiency with which my lifetime mortgage was arranged. This is the second time I have arranged such a mortgage with the same agent and each time the service has been excellent. Each of the mortgages rescued me from severe financial difficulty and I was very satisfied with the result.
- Mrs Livingstone
Excellent, dealt with problems quickly
- Trusted Customer
What can I say the service the professionalism the people you spoke too the speed of the process was all perfect. David George the Equity Release Specialist was excellent he went through everything thoroughly explaining every part of the process and answered every question we had perfectly a lovely man. The solicitors Gilroy Smith was excellent with every part of the procedure and professionalism and was very easy to deal with
FAQs
Equity release is a way for homeowners aged 55 and over to unlock tax-free cash tied up in their property, without having to sell or move home. The most popular type is a lifetime mortgage, where you borrow a lump sum or take smaller drawdowns against the value of your home. The loan, plus any interest that has built up, is repaid when you pass away or move into long-term care. You remain the legal owner of your home throughout.
With a lifetime mortgage, the most common form of equity release, you take out a loan secured against your home. You can receive the money as a single lump sum or in smaller amounts over time. Interest is charged on the amount borrowed, and in most cases it rolls up and compounds until the plan ends. No monthly repayments are required, though many modern plans allow you to make voluntary payments if you wish. The loan is only repaid when the last homeowner dies or moves into care. The remainder is typically paid from the sale of the property. All plans recommended by Bower meet Equity Release Council standards, which means you’ll never owe more than your home is worth.
Equity release can be an excellent option for the right person, but it’s not right for everyone, which is why taking independent advice is so important. It works well for homeowners who want to supplement their retirement income, clear an existing mortgage, fund home improvements, or help family members financially. The key things to weigh up are the impact on inheritance, how it may affect means-tested benefits, and the long-term cost of rolled-up interest. Our advisers will explore all the alternatives with you, including downsizing and retirement interest-only mortgages, before recommending anything. Initial advice is always free and without obligation.
Yes, most lifetime mortgages today allow you to make voluntary partial or full repayments, giving you control over how the interest builds up. However, repaying the full loan early, for example, if you decide to sell and move somewhere that doesn’t qualify, will usually trigger an early repayment charge (ERC). These charges vary by lender and by how long you’ve held the plan. Some products offer a fixed ERC period for a few years, after which repayment is penalty-free, and a few have no early repayment charges. Your Bower adviser will help you understand the repayment terms of any plan before you commit, so there are no surprises later.
When the last homeowner on a lifetime mortgage passes away, or moves permanently into long-term care, the property is typically sold and the proceeds are used to repay the loan and all accrued interest. Any money left over after repayment goes to your estate and your beneficiaries. Thanks to the no-negative-equity guarantee provided by all Equity Release Council members, your estate will never owe more than the value of the property, even if house prices fall. Your executor will have a set period (usually 12 months) to arrange the sale or clear the equity release plan.
IMPORTANT TO KNOW
At Bower Home Finance, we will understand your unique circumstances and advise you to ensure you are receiving the best plan to meet your objectives. There are plans that allow you to make voluntary repayments and move home, subject to lender criteria. However, early repayment charges may apply in certain circumstances.
Bower Home Finance provides independent, impartial whole of market equity release advice with an award-winning customer service experience. Initial advice is provided at no cost to you and without obligation. Only if you choose to proceed and your plan completes, would a typical advice and administration fee of £1,695 be payable.
Equity release requires paying off any existing mortgage. Any money released, plus accrued interest to be repaid upon death, or moving into long-term care. Equity release will reduce the value of your estate and your entitlement to means-tested benefits now or in the future, and impact long-term care funding. If you are considering equity release, we strongly recommend that you read our Equity Release page carefully and talk to one of our specialists before deciding if you wish to proceed.
To find out more about any of the products and the service we provide, please call us on freephone 0800 411 8668, request a call back, email us, or use our live chat on our website.
Please be aware that equity release may involve a home reversion plan or lifetime mortgage which is secured against your property. All features and risks are thoroughly explained in your free personalised illustration.
brilliant service, everything easily explained and always able to contact.