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Equity release advice

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By Richard Groom • 17th October 2023 • 6 min read

Explore your options with expert equity release advice

If you are aged 55 or over and considering unlocking some of the value from your home, you’ve come to the right place. We can arrange equity release advice from experienced advisers with access to unique deals from leading providers.

We understand that this is an important financial decision for you as it is typically a lifelong commitment. For your peace of mind, our selected advisers will be available to advise and guide. They will answer your questions at every step of the process.

On this page:

  • What does equity release advice look like?
  • Is there an equity release advice fee?
  • Risks and considerations
  • Why choose Equity Release Wise for equity release advice?
  • Arrange equity release advice today

What does equity release advice look like?

Deciding whether equity release is the right choice for your financial situation is a crucial first step. That’s where the expert guidance of our selected advisers comes in. Every homeowner has unique circumstances and goals, and we want you to make a fully-informed decision.

So, when you reach out to us for equity release advice, here’s what you can expect:

Arrange your appointment

Your journey begins when you first contact our friendly team at Equity Release Wise. We will gather a few important details about you and carry out a quick eligibility check. 

If you meet the criteria, we will arrange an appointment with one of our selected equity release advisers. You have the option of having friends or members of your family join you for the appointment if you wish.

Initial appointment

Your adviser will take the time to get to know you and your current financial situation, together with your future goals. 

You can ask any questions you have and find out about the different equity release options available. For example, you can explore the differences between a lifetime mortgage and home reversion plan

If your adviser thinks that equity release is not the best financial option for you, they will tell you. There are many alternatives to equity release to consider, which your adviser will be able to explain to you.

Plan search

Your adviser will go away to consider your unique wants and goals for retirement. They will also search for the most competitive equity release plans and quotes for you. 

They’ll look for the best available interest rates, together with other options they will have discussed with you. These might include interest payment options and inheritance protection for your loved ones. They will also look for medically enhanced equity release plans that may let you release more if you have health issues, if you qualify.


After conducting a search on your behalf, your dedicated adviser will arrange a second appointment with you. During this appointment they will present you with a personalised recommendation of what they believe is the best option for you. 

They will explain the advantages and disadvantages of each type of plan so you can make a fully informed decision. You are then left to make a decision in your own time: there is of course no pressure to make a decision at this point.

Application support

If you decide to go ahead with a plan, your adviser will guide you through the application process. After checking that everything is in order, they will submit your application on your behalf and provide updates at every stage.

Accessing legal support

It’s important to get specialist equity release legal advice, since this is typically a lifelong commitment. That’s why your adviser can recommend an equity release solicitor to handle the legal side of your application.

 Is there an equity release advice fee?

We don’t want anyone missing out on specialist equity release advice just because they don’t have ready access to cash. That’s why all the initial advice, quotations and information you receive from our selected advisers will be provided free of charge. 

Equity release advice fees are only payable if and when you decide to go ahead with a plan that is recommended to you. This means you can explore your options without worrying about fees.

What’s more, advice fees are only payable when your application reaches completion. This means that your equity release advice fee can be paid from the money you unlock from your home.

Risks and considerations

Central to good equity release advice is taking the time to discuss the benefits and drawbacks of a plan. While equity release can be a valuable financial tool, it’s essential to understand the pitfalls so you don’t one day regret your decision.

Here are some points to consider that your adviser will discuss with you during your appointment. You can read more about the pros and cons of equity release here.

  • Inheritance. Equity release will reduce the value of your estate and the amount of inheritance you leave. Your adviser will therefore talk to you about inheritance protection. This lets you ring fence a percentage of your home’s value to guarantee an inheritance for your family.
  • Compound interest. Your overall loan amount can grow quickly as the interest rolls up on a compound basis. If this is a concern for you then your adviser can tell you about interest-only plans and the various repayment options that are available. 
  • Impact on benefits and homecare. Equity release may affect your entitlement to some means-tested state benefits. It may also impact your eligibility for home care, which might be fully or partially funded by your local council.
  • Early repayment fees. If you decide to end your equity release plan early then you could incur high early repayment charges. If you think you may want to pay off your plan early then your adviser can talk to you about plans that reduce such costs. Some plans even waive these charges in certain circumstances.

Why choose Equity Release Wise for equity release advice?

Equity Release Wise offers an independent service to help UK homeowners aged 55+ find the best equity release quote and most suitable plan for their needs and circumstances. 

We do not provide any financial advice directly, but work with regulated partners who search and compare equity release products from the UK’s leading providers. The quotation service is free to use and you are under no obligation to accept any of the quotes you receive.

Our selected equity release advisers are committed to helping you make the right decision for your needs. If you are looking for advice on equity release, here are just a few reasons to arrange it through Equity Release Wise:

Expertise. Our selected advisers are fully qualified to advise on equity release, offering many years of experience in this industry. 

Competitive quotes. Our selected advisers have access to unique deals from leading providers. These could save you money or enable you to unlock a higher percentage from your home.

Personalised Service. Your financial situation is unique, and our friendly team will treat it as such. The advice you receive from our selected advisers will always be expertly tailored to your unique goals.

Transparency. You’ll have a clear understanding of the costs, risks and benefits associated with any equity release plan recommended to you. 

Arrange equity release advice today

If you want specialist equity release advice, please get in touch today. Our selected advisers are ready and waiting to provide friendly, informative advice to UK homeowners aged 55 and over. 

Your future, your home, and your peace of mind matter to us. Call us free on 0808 178 3055 to arrange your initial appointment, or request a free callback here for a time that is convenient for you. Alternatively, check your eligibility and get an initial indication of how much tax-free cash you could unlock.

About Richard Groom. A writer with 20+ years’ experience across several sectors including financial services, Richard has a passion for writing clear and simple content on even the most complex of subjects. In his spare time, Richard loves exploring the hills and mountains of the UK on long walks with his faithful cocker spaniel. Follow Richard on LinkedIn

How can we help?

To find out more about equity release or arrange a consultation with an adviser, please call or request a call back and we’ll be happy to help further.

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