Properties not suitable for equity release: what are the criteria?
Well-maintained residential properties are generally suitable for equity release. But there are some that will be declined or will need special consideration.
Repaying an equity release provider typically involves your home being sold at an unspecified future date. That’s why providers don’t accept every property and have criteria for what’s eligible.
In this guide to properties not suitable for equity release, we’ll be taking a look at the following:
- How does equity release work?
- Why do lenders refuse applications on some properties?
- Which types of property construction are not eligible for equity release?
- Are listed properties accepted for equity release?
- Can a mixed-use property qualify for equity release?
- Does spray foam insulation make properties not eligible for equity release?
- Which locations mean that a property is not eligible?
- How can a property’s condition affect its eligibility?
- Are there other property criteria for equity release eligibility?
- Find out if your property meets equity release criteria.
We hope this article gives you a better understanding of property criteria. We can of course help you find out more or explore your options for taking out an equity release plan. Please call us on 0800 096 2215 or request a call back at a time that suits you.