Equity release

Free up equity from your property without having to move from the home you love. At My Home Move Conveyancing, we are working with Gilroy Steel to guide you though your equity release journey.

A senior woman with a dog and coffee sitting outdoors on her garden terrace in summer

What is equity release?

Equity release is a great way of freeing up cash (equity) from your home, without having to sell or move, through a range of products created for those who are 55 and over.

Equity release unlocks the value of your property, providing you with either a tax-free cash lump sum, or as a regular income stream. While different plans have varying structures, repayment typically occurs upon the homeowner's passing or transition to long-term care.

We are working with Gilroy Steel, who will help you chose the best option for your circumstances, and guide you through the equity release journey.

Get an Equity release quote

To get your Equity release quote today, contact our Move Specialist team

Call us

If you would like a quote for your Equity release plan call our Move Specialists on:

0333 234 4425
  • Monday to Friday

    9am - 5pm

Email us

If you would like to email our Move Specialist Team to discuss an Equity release plan please write to the following email address:

  • Monday to Friday

    9am - 5pm

Equity release options

There are two main types of equity release products you can choose from:

mature woman relaxing in an armchair with her cat reading an email on her phone
  • Lifetime mortgages

    These are the most common option and works similarly to a standard mortgage.

  • Home reversion plan

    This allows you to sell part, or all of your home to a reversion company in return for a lump sum or regular payments.

Equity release eligibility

To be eligible for equity release, you should:

a couple at home discussing their equity release options
  • Be over the age of 55 for a lifetime mortgage, or over 60 for a home revision plan.

  • Own a property in the UK, with your main residence valued over £70,000.

  • Have little to no mortgage left. If you do still have a mortgage, or other loan, secured against your home you may still be able to equity release, it will just depend on the value of your home and the amount you owe.

Advice hub

For more information about equity release, how long the process takes, and how it differs from a standard remortgage, visit our equity release advice hub

About Gilroy Steel

Clients are at the forefront of everything Gilroy Steel Solicitors do. They take great satisfaction in providing all clients with an approachable, professional, and efficient service while assisting them through their equity release journey.

They pride themselves in conducting at home visits, at a time that suits you, including evenings and weekends. During these visits, you will have the opportunity to discuss what is the right option for you, and answer any questions you might have.

They are regulated by the Solicitors Regulation Authority, the Law Society, and accredited security compliant by the Payment Card.