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You can still remortgage if over 60

Take advantage of a Lifetime Mortgage today. Benefit from a mortgage with no fixed monthly repayments. You can even release extra funds to boost your income in retirement and free some disposable cash.

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Find out how much tax-free equity you can release

  • No credit check and results are instant.
  • You retain 100% home ownership.
  • Receive the best quotes.

This is a Lifetime Mortgage that will reduce the value of your estate and may affect your entitlement to means-tested benefits. To understand the features and risks ask for a personalised illustration.

Avg. Cash Release
January 2025
£93,949
34.18%
Up from £70,019 in Jan 2024 - increase of 34.18%.

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Compare and access the best rates on the market.

Our nationwide advisors offer obligation-free consultations.


We’ll help you on your way to reaching your financial goals with independent, honest advice.

Are you eligible for equity release?

  • 55 years old or above.
  • Own a home within the UK.
  • Property value of £70,000 or more.
  • You want to borrow at least £10,000.

What is
Equity Release?


Equity release is a way to help people over 55 release the money
in their home (the equity) without having to move or sell.

How much cash you can release will vary depending on the amount of equity in your home.

The amount of equity stored in your home is equal to the value of your home minus any outstanding mortgages or secured loans. Our advisers can help you through your equity release journey with honest, whole of market advice.

A few of our

Lenders

ROYAL LONDON is a registered trade mark of The Royal London Mutual Insurance Society Limited
Standard Life Home Finance logo
Liverpool victoria
legal and general
Aviva
Just logo
Pure retirement
Canada life
more 2 life

Some of the

Awards we’ve won

Our trade body

Membership

There are many reasons to release equity from your home including helping friends and family.

How will you spend your equity release?

REACH FINANCIAL GOALS

Clear existing debts

Access tax-free cash to clear your existing debts without monthly repayments.

By clearing any existing debts and mortgages, you can free up your retirement income and do the things you love with equity release.

MAKE HOME IMPROVEMENTS

Adapt your home

Live in your home for longer with adaptations to suit you and your lifestyle.

From general home improvements to home adaptations, equity release could help fund these changes with tax-free cash.

BOOSTING YOUR INCOME

Supplement your retirement income

Continue to enjoy the lifestyle you deserve in retirement

By unlocking the cash tied up in your home, you could boost your retirement income.

HELPING FRIENDS & FAMILY

Funding a financial gift

Give a gift of money to friends or family

Give a gift of tax-free cash from you home to help family onto the property ladder, with a wedding and much more.

Things to consider

You can opt to make voluntary payments to reduce the compound interest with lifetime mortgages

‘No-negative guarantee’ means you will never have to repay more than the value of your home

Inheritance Protection allows part of your home’s value to guarantee inheritance to your loved ones.

Your Entitlement to certain state could be affected by executing Equity Release on your property.

Many plans will include early repayment charges. There may be a financial penalty if you wish to repay or end the mortgage early

Lifetime mortgage loan amount increases with compound interest over time.

Get a head-start with Equity Release

We’re an award winning Equity Release Broker here to help you on your way to reaching your financial goals. If you’re over 55, find out how much tax-free cash you can release today.

You’ll get your own adviser

Meet your own, personal, dedicated advisor that will be there with you from A-Z.

As a whole of market broker we can source plans from all available lenders, ensuring you get the best deal.

We’ll do all the hard work

We’ll carefully search through the best entities to find the best deals for you

As a whole of market broker we can source plans from all available lenders, ensuring you get the best deal.

We’ll recommend the best deal

We’ll look at your current circumstances and needs and recommend a plan that’s right for you. If equity release isn’t right for you we’ll also let you know.

FAQ

Learn more about Equity Release and what matters most with regards to the finer details.

What safeguards do the Equity Release Council provide?

The Equity Release Council is a consumer-centric trade body that provides protection and reassurance to consumers looking to release equity from their home. All members of the Equity Release Council adhere to the highest standards and ethical practices.

As proud members of the Equity Release Council, we will only recommend Equity Release Council plans or those that have the same set of guarantees. This includes a no negative equity guarantee and the right to remain in your home for life if it remains your main residence.

Learn more about the Equity Release Council safeguards.

How much equity can I release from my home?

The amount of equity you are able to release will depend on several factors such as your age, the type of property you own and its value.

You can use our free equity release calculator above to get an estimate of how much you could release.

In order to be eligible to apply for a lifetime mortgage, you will need to:

  • Be at least 55 years old or above.
  • Own a home within the UK – excluding the Isle of Man and the Channel Islands.
  • The property must be worth £70,000 or more.
  • You want to borrow at least £10,000.
  • The property is you main, permanent residence and isn’t be unoccupied” change to “the property is your main, permanent residence and isn’t unoccupied for more than six months at a time.
  • Ideally you will be mortgage-free, or only have a relatively small mortgage on your property. If you have not paid off your mortgage, then any money received will initially be needed to pay off any outstanding mortgage debt with the balance paid to you.

What equity release providers do you use?

Bower are independent ‘whole of market’ equity release advisers, which means we have relationships with all equity release product lenders and have access to every regulated company and plan on the market.

The advantage of coming to Bower is that you will have access to all the equity release companies in the UK, not just one company. This means that you could save thousands of pounds by accessing a lower interest rate and a more suitable plan, for instance one with low early repayment charges or the flexibility to make over payments.

Your adviser will take you through the full range of lenders we work with during your free, no-obligation appointment.

Some of these lenders include: Aviva, Legal and General, Just Retirement, Liverpool Victoria (LV), More2Life, Canada Life, Pure Retirement, Royal London, and Crown Equity Release.

What are the alternatives to equity release?

There are a number of alternatives to equity release, these can include:

  • Utilising savings, investments or other assets that could be drawn on
  • Downsizing your property or moving to a less expensive area to access some equity from your home’s value (although the cost of moving and agency/legal fees should be considered)
  • Continuing in, or returning to, paid work to top up your income
  • Letting out a room in your house to a tenant
  • Accepting financial support from a relative or a friend may be an option, although it is understandable that some would prefer not to have to ask to borrow money from loved ones
  • Arranging a traditional mortgage
  • Looking in to Local Authority home improvement grants
  • Ensuring all your entitlements to mean-tested benefits are being claimed (your Bower specialist will check this for you as part of our expert equity release service)

Get in touch and we will happily discuss all your options and can make a recommendation as to which one may be best for you.

Trusted by thousands of homeowners

We’re an award winning Equity Release Broker here to help you on your way to reaching your financial goals. If you’re over 55, find out how much tax-free cash you can release today.

Our Customer Reviews

Overall Ratings

5.0
Reviews(145)
  • 5
    97%
  • 4
    3%
  • 3
    0%
  • 2
    0%
  • 1
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  • MMr Bishop

    just they listen to you and help you through until the end i would do all a again stress free very polite company

  • MMrs Cleaver

    The help was first class, with the equity release David George was extremely helpful to my dear sister , he really helped and talked to her using common sense which is really helpful and important with the situation we can not recommend bowers and David George highly enough sincerely yours and best regards Janet /carl

  • MMr & Mrs Holt

    tracy was first class in all that we asked. she answered all our questions and explained all the details perfectly. I would recommend tracy to any person that was looking for financial service of any description. the meeting was most enjoyable. thank you tracy.

  • MMiss Steel

    I received fantastic service. My advisor was very proffesional and guided me through the whole process he was very knowledgeable about the products and worked hard to find the right one for me. He was always there to advise me and answer any questions I may have. I would not hesitate to recommend this company and my advisor to anyone requiring these services. I would definately give them 10 out of 10.

  • TTrusted Customer

    Everything explained clearly and patiently. Easy to make contact, and any queries handled quickly and efficiently. Examples showing the structure and content of the products were clear and helpful. No negative points to mention.

  • MMrs James

    The service was excellent, any worries I had were listened to and explained. I never felt pushed into using equity at any time. I particularly rated my advisor Maxine Tanner, she has been amazing always there for me, patiently listening and helping me to achieve what I needed.

  • MMr Hickson

    The advise was spot on and the mortgage was arranged with the right provider I am completely satisfied with the service

  • TTrusted Customer

    The whole process was straightforward with guidance all the way. Clearly experts in the field of Lifetime mortgages.

  • MMr & Mrs Riley

    Alays there for us for questions and answers, coming to the house to help with filling in forms. Jame's was always there for us. without putting any pressure on us to sign any forms.

  • TTrusted Customer

    Not bad, however could improve communication to client and broker. Slightly delayed for funds to transfer.

  • MMr & Mrs Kindon

    Bower were worry-free, polite, efficient and friendly and got the job done with no fuss or bother. They kept us in the loop at all times, making us feel at ease, and any questions we asked, they responded with clarity and accuracy. We highly recommend them to anyone selling their house and doing an equity release. And all the sub people were excellent. Vanessa Carver was brilliant; she made it run smoothly. She was a godsend.

  • MMrs & Mr Mee

    Excellent service, very helpful and kept me informed of the procedure all the way through. This is the second time I have used them and would definitely recommend them.

  • MMr & Mrs Blackwell

    Lisa was very efficient friendly and helpful. Everything was fully explained in a most friendly manner.

  • TTrusted Customer

    Gave lots of information talking through & explaining all the alternatives. We had an advisor called Andy who was easy to talk to and ready to answer any questions or queries we had without being pushy and trying to sell us a product.

  • TTrusted Customer

    Bower we're very efficient and helpful with my transaction with them. Lisa was brilliant and liased with me throughout and guided me through the process ..Thankyou Lisa so very much

  • MMr Salt

    Considering Equity Release was a big decision for me. Living on my own meant I had no-one to bounce ideas off so I hesitated for three months before I made the decision to contact Bower Home Finance. I read the amazing reviews they had and decided they were the ones for me. I made the initial contact on the 4th November 2025 and by the next day I was talking to Ian Bigwood who had been allocated to me. Ian had the patience to answer all of my (sometimes silly) questions, but I wanted to make sure I was doing the right thing. Ian took on board everything I said, on where I needed to be in the next twelve months and my long term goals post retirement. He advised me perfectly on what I needed and remained in full contact throughout the process, even when I wasn't expecting to hear from him. He liaised with other parties such as an equally as professional Solicitor Team to provide a perfect, worry-free service and they all contacted me when they were meant to. No delays, no stress. On the 13th January 2026, Ian called to say "Have you checked your bank account?" (I hadn't). The process was complete. In just over two months, the process was done, with no worries for me. Just to say to Bower Home Finance, you have a thoroughly professional and likeable member of your team. Easy to deal with, no pressurised questions, just the information you need and on call whenever you need them. I have no hesitation in recommending their services. I can't see how any other company could be more efficient. 10/10 from me. Oh and Ian - you may have just changed my life. And for that, I cannot be more grateful. Thank you for all you have done.

  • MMrs & Mr Cooper

    Excellent service, Sheila was upfront and honest from the start. She found the perfect deal for us. She was contactable and able to answer our many questions. The whole process ran smoothly and completion was quicker than we thought. Overall a very professional and friendly service and I would have no hesitation in recommending them to anyone wanting equity release.

  • TTrusted Customer

    The agent who visited me at my home and set the process in motion for me was very good, very clearly explained the facts I needed to know, and helped me in my selection of the package most suitable for my needs.

  • MMr & Mrs Davies

    The service is very professional and friendly plenty of advice and information about the equity release full support when needed a mention about tracy who delt with outer equity release very thoughtful and caring made it so easy for me and my wife would recommend to anyone to use bower

  • MMrs Cooke

    I was recommended to use Vanessa Carver of Bower from a customer of mine who had employed her services and I haven't regretted one day of my decision to use her.... she is totally suited to the job she does - informative, always there for any questions or worries, empathetic, positive and very clever and knows her stuff - in short, I would recommend her to anyone as she has supported me all the way through a very stressful period of time and gone over and above the call of duty.... Bower are so lucky to have her.

IMPORTANT TO KNOW

At Bower, 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.

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.

Bower Home Finance provides independent, impartial whole of market 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.

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 0808 178 7251, request a call back, email us, or join our live chat you’ll find 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.