Does equity release affect your benefits?
How releasing capital can affect means-tested benefits, and how we help you check before you decide.
Why benefits can be affected
Means-tested benefits take your capital and income into account. Releasing a lump sum from your home increases your capital, which can reduce or remove certain benefits. The effect depends on which benefits you claim, how much you release, and your wider financial position.
How we handle it
We discuss your current financial position with you in full so you understand the likely impact before you decide anything. We have helped past clients take a lending option without any impact on their means-tested benefits situation, because the right structure and the right amount make a real difference. This is exactly the kind of detail that whole-of-market advice is for.
Check it for yourself
You can get an indication of your means-tested benefits using the independent Turn2us benefits calculator at benefits-calculator.turn2us.org.uk. It is a free, independent tool, and Search Equity Release has no relationship with it.
Talk it through before you decide
If you are unsure how equity release might affect your benefits, that is a good reason to speak to us rather than a reason to worry. Call and we will talk it through with no pressure.
"Not necessarily. We have helped past clients take a lending option without any impact on their means-tested benefits situation."
Equity release and benefits, your questions answered
Does equity release affect pension credit or other means-tested benefits?
Can I check the impact myself?
Will equity release always reduce my benefits?
Whole-of-market advice on retirement interest-only mortgages
For retirement interest-only, term interest-only, and interest-only mortgages for the over-50s, we provide independent, whole-of-market advice. Craig Oliver brings three decades in later-life lending and was named Best Individual Adviser at the 2018 Equity Release Awards. Your initial advice is at our cost. A fee of a maximum of £1,495 is only payable if your case completes.
A retirement interest-only mortgage is a loan secured against your home that requires monthly interest payments. If you proceed with a mortgage that requires payments to be made, your home may be repossessed if you do not keep up repayments on your mortgage. Any figures shown are an indicative guide only and are subject to a full affordability assessment and advice. Unless you decide to go ahead, our service is at our cost. Only if your case completes would our advice fee of a maximum of £1,495 be payable. Other lender & solicitor fees may apply.