Do leasehold flats qualify for equity release?
It is possible to get equity release on leasehold flats – as long as the length of time remaining on the lease meets the lender’s minimum criteria. In this article, we look at which leasehold flats qualify, and how to find a solution if at first it looks like your flat isn’t eligible.
Flats in England, Wales and Northern Ireland are often owned on a leasehold basis and will qualify for equity release if the lease is long enough. (Scotland is a different situation as leasehold is now an extremely rare form of tenure.)
In our guide to equity release on leasehold flats, we cover the following:
- How does equity release work?
- What is a leasehold flat?
- Can you get equity release on leasehold flats?
- Are there other ways to release equity on leasehold properties?
- Getting advice on leasehold equity release.
After you have read our guide to equity release on leasehold flats, you’re welcome to call us on 0800 096 2215, or request a call back and we’ll be happy to help further. Our selected advisers specialise in equity release and can advise on your property’s eligibility for a lifetime mortgage or home reversion plan.