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From your first mortgage payment, you will start building up equity in your home. Equity is simply how much money you have put into your house. You work out the equity in your property by taking the total amount left on your mortgage and deducting it from your total mortgage amount.
Equity is essentially equivalent to cash, it’s just built up inside of your home. For example, if you release equity from your property, you will receive a lump sum of cash.
This lump sum of cash can be spent however you would like. As a mortgage advice in Bristol, we often see that property owners use this money to pay off unsecured debt, go on holiday or gift the money to a family member to use for a deposit to purchase a home.
When releasing equity from your property, if you are below the age of 55, you will have to remortgage to receive your lump sum. If you are over 55, you will receive your equity in instalments in the form of a lifetime mortgage.
Both types of equity release plans, lifetime mortgages and home reversion plans, are regulated by the Financial Conduct Authority.
Providing that you’re living in your primary residence, you could be eligible for a Lifetime Mortgage. Here you can select a portion of the equity for yourself and then a portion for the family inheritance.
With a Lifetime Mortgage, you don’t necessarily have to pay back your monthly repayments, you could just let the interest build up. The loan only becomes repayable if you pass away, move into long-term care or are declared unable to take care of yourself without assistance.
Remember that you will have to pass certain requirements before being able to take equity from your property. Your age and property value will be the main factors that affect how much you can withdraw from your home.
Equity Release is a specialist topic and we would advise speaking to a equity release advisors in Bristol before trying to release equity from your home. Our mortgage advisors in Bristol are more than happy to try and help you! Give us a call or book a free initial mortgage appointment online today.
To understand the features and risks, ask for a personalised illustration.
A Lifetime Mortgage may impact the value of your estate and it could affect your entitlement to current and future means tested benefits.
The loan plus accrued interest will repayable upon death or moving into long term care.
Equity release in Bristol may be a suitable option, but it’s important to consult with a qualified later life mortgage advisor in Bristol to determine the most suitable solution for your needs and plans. Your advisor will review all alternatives and only recommend equity release if it is the most beneficial for you.
Involving your family in these discussions is encouraged, but ultimately it’s your decision. If equity release is not the most suitable option, your advisor will be transparent and help you find an alternative solution.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £995.
You should always think carefully before securing a loan against your property.
A lifetime mortgage will reduce the value of your estate and may affect your entitlement to means tested benefits.
Clearing existing mortgage with a lifetime mortgage may result in higher cost of borrowing.
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Victor Abrams
I found Warren Bailey to be a very helpful and knowledgeable advisor when I discussed with him the potential options for a retirement mortgage . He had contacted me within a day of my seeking an initial conversation with him , and he reassured me there were lenders out there who would consider a mortgage paid out of pension , despite my own bank nort even talking to me as I was over 70 ! Within a couple days Warren had led me through the onboarding process , had explained what documents were needed and had found me a lender suited to my requirements. An excellent experience, and I would recommend him strongly to people looking for a retirement mortgage, and generally . Victor Abrams
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We would have given them 20 stars. Both Warren & Lizzi have worked so hard on our behalf, in what has not been the smoothest of circumstances. They have been so professional and kept us updated. Would thoroughly recommend this company. With grateful thanks in getting us our mortgage.
12 May 2026
Abdul khaliq Mayar
I would highly recommend UK Money Man, especially Matthew Collinson and Paula. They have done an amazing job for me from start to finish. My previous mortgage broker got my application declined through TMW, and I was very stressed and worried. When I came to UK Money Man, they completely changed the game for me. Matthew was always helpful, professional, and kept me updated at every stage — even on his day off. That level of service really meant a lot to me. Paula was also fantastic and worked hard on my application. Thanks to their hard work and support, my mortgage was approved. I truly appreciate everything they have done for me and my family. I would definitely recommend Matthew, Paula, and UK Money Man to anyone looking for a reliable and supportive mortgage broker.
11 May 2026
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Amazing company! Used them many times since 2018 and always a high standard of service! Would definitely recommend!
5 May 2026
William Thompson
I would like to say Thankyou to Jonathan and Dan for giving me an easy experience in sorting out my equity release.They were polite,friendly and very professional in their duties,and they made everything as easy as possible for me
29 Apr 2026
Yasir Noori
The team at UK Moneyman, especially Stacey Waudby and Matt Collinson, were fantastic. They have been really helpful throughout the process and in keeping me in the loop, with any update regarding the application
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Great service, very professional and I felt my adviser really was interested in helping me get the best deal for a repayment mortgage for my age group.
29 Mar 2026
Andrea McLaren
What a fantastic team. Can’t recommend them highly enough. Warren and Johnathan were so professional and so easy to talk and explain things to. Everything about my remortgage went smoothly thanks to them. I will certainly be recommending them to friends and family. Thank you guys for all of your help, couldn’t have done it without you.
20 Mar 2026
Paul PI
UK Moneyman provide an excellent service, in my case with complex conveyancing. Simple upload of documents, excellent comms and friendly. They took time to understand my needs and to explain options and prov8de illustrations of what I was agreeing to. Fee was reasonable and transparent with no hidden traos or surprises. When things were not quite going as expected (loan provider not UK moneyman this was sorted quickly and efficiently. I would thoroughly reccomend them if you are looking for a mortgage, especially if what you need is not quite standard. Warren and Lizzy did the work, thankyou both...
19 Mar 2026
Craig Butler
I had a great experience working with Leo and Jo as my mortgage brokers. As a first-time buyer, the whole process felt quite daunting at the start, but they provided clear and helpful information from day one, which really put me at ease. They were always quick to respond to my emails and kept everything moving smoothly, regularly following up and making sure nothing was missed. A special mention to the moment they called to let me know my mortgage offer had been approved. It made the whole experience feel exciting and personal, rather than just transactional. I’d definitely recommend Leo and Jo to anyone, especially if you’re a first-time buyer looking for guidance and support throughout the process.
18 Mar 2026
During the free initial appointment with a later life mortgage advisor in Bristol, your inheritance plans and goals will be discussed. This will help the advisor to understand your priorities and tailor their recommendations to best suit your needs.
As a later life mortgage advisor, we will explore all options available to you before recommending equity release or a lifetime mortgage. These alternatives include options such as retirement mortgages, charitable donations, and other financial arrangements that may better suit your situation.
Our goal is to find the most suitable solution for you and your specific needs before considering releasing equity from your home.
Due to the significant nature of later life mortgages, it is important to involve family members or trusted parties in discussions. Our later life mortgage advisors in Bristol will ensure that you fully understand all your options, plans and any additional information before making a decision.
We will make sure that you have a thorough understanding of what you are agreeing to, so you can make an informed choice that suits your needs.
If equity release is not the most suitable option for you, your later life mortgage advisor in Bristol will refer you to the appropriate services for your plans.
On the other hand, if equity release is suitable for you, your advisor will provide a personalized lifetime mortgage recommendation that takes into account any inheritance plans you have. This ensures that you get the most suitable solution that meets your specific needs and goals.
Your advisor can search through 1000s of mortgage products on your behalf. These products will be suited to your personal and financial circumstances.
Our new, simplified booking service allows you to pick your own date and time for a mortgage appointment. Follow our ‘get started’ process and get in touch!
Our job is not just to try and find you a better rate, we will also help you through the whole process. We have specialist equity release remortgage advisors in the moneyman team that would be more than happy to take your call and talk you through the remortgage options.
We would recommend getting mortgage advice in Bristol so that you are aware of the whole process and exactly how it works. We have over 20 years of experience in the mortgage sector; our advisors will be able to answer your question.
Check out our amazing, 5-star reviews! Many happy customers have returned to us with positive feedback saying how much they have valued our service. We would love for you to take a look and see what people have thought of our service.
We will hold your hand from start to finish. Our team will be on-hand throughout the process to make sure that you feel comfortable and secure throughout the whole process.
Our job is not just to try and find you a better rate, we will also help you through the whole process. We have specialist equity release remortgage advisors in the moneyman team that would be more than happy to take your call and talk you through the remortgage options.
Equity release is a complicated subject, and that’s why it’s best to get a second opinion and ask a question.
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Bristolmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Bristolmoneyman 2009–2026
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Bristolmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Bristolmoneyman 2009–2026
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