equity release
Unlock the Value of Your Home Later in Life
Equity Release helps homeowners aged 55+ unlock money from their property without moving. We offer independent advice to help you decide if it’s right for you. Most choose a Lifetime Mortgage, repaid when the home is sold.
At Blue Sky Mortgages, we explain everything in simple terms and offer whole-of-market advice so you fully understand your options.
Clear, tailored guidance for equity release.
As independent, whole-of-market advisers, we’re not tied to any bank or provider, meaning the guidance you receive on equity release is completely impartial and focused solely on what’s right for your circumstances.
We compare plans, interest options, fees and key features across a wide range of Lifetime Mortgage providers, explaining everything clearly so you understand exactly how each choice works and what it means for your long-term plans.
Our aim is to make the equity release process simple, transparent and fully tailored, giving you clarity, reassurance and confidence at every stage of your decision.
Your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured on it, to understand more please click here.
Independent mortgage advice
Whole-of-market access
No complicated jargon
Friendly, efficient advisers
In person, online or phone
Our focus is on making equity release easy to understand, supporting you in reviewing your options and choosing the right path with confidence.
What Can Equity Release Be Used For?
We make the process simple and straightforward.
Many clients choose Equity Release to:
- Pay for home improvements
- Help children or grandchildren with deposits
- Clear an existing mortgage
- Fund large purchases or life plans
- Improve financial comfort in later life
- Take an initial lump sum and keep additional funds in reserve.
- Pay interest only on the amounts you withdraw and manage long-term costs.
We help you explore your goals and ensure Equity Release is the right fit.
Types of Equity Release
Lifetime Mortgage
The most popular option. You borrow against your home while retaining full ownership. Features can include:
- No monthly repayments (unless you choose to make them)
- Fixed interest rates
- Optional interest payments to control the loan balance
- Guarantees such as no negative equity (depending on the provider)
Drawdown Lifetime Mortgage
A Drawdown Lifetime Mortgage provides flexible access to your home’s equity, allowing you to take funds in stages and pay interest only on the amounts you release.
- Take an initial lump sum and keep additional funds in reserve.
- Pay interest only on the amounts you withdraw, helping manage long-term costs.
If you're thinking about Equity Release, a clear structure can make everything feel more manageable.
Step-by-Step Guide to Equity Release
Initial conversation
Your journey begins with an informal discussion about your needs, goals and financial circumstances. We explain how equity release works and help you understand whether it may be suitable.
Personalised fact-find
We gather details about your property, income, health and future plans. This helps us identify the most appropriate type of equity release and the lenders likely to suit your situation.
Explore your options
We compare plans from across the market, including Lifetime Mortgages and drawdown options. You’ll receive clear, personalised illustrations showing how much you could release and what it might cost over time.
Discuss recommendations
We talk you through our recommended plan in simple, straightforward language, ensuring you fully understand interest rates, repayment options, inheritance protection and long-term implications.
Submit your application
Once you’re comfortable with your decision, we help complete the application and gather all required documents. We liaise with the lender on your behalf throughout.
Property valuation
The lender arranges an independent valuation of your home to confirm its current market value. This helps determine the final amount you can release.
Legal advice
Equity release requires independent legal advice. Your solicitor will ensure you understand the terms of the plan and complete the legal work needed for the release of funds.
Lender approval and offer
After the valuation and legal checks, the lender issues a formal offer. We review this with you to ensure everything matches what was discussed.
Completion and release of funds
Once the offer is accepted, your solicitor finalises the process and the funds are released. The money is typically paid directly into your bank account for you to use as you wish.
Ongoing support
Even after completion, we remain available to answer questions, review your plan in future, or provide guidance if your circumstances change.
Make Informed Decisions with our Simple Calculators
Whole-of-market access to an extensive range of mortgage products.
FAQ
Your Equity Release Questions Answered
Equity release allows homeowners aged 55 or over to access some of the money tied up in their property while continuing to live in it. The most common type is a Lifetime Mortgage, where interest is added to the loan and repaid when the home is sold.
Eligibility usually depends on your age (55+), property value and overall circumstances. Different lenders have different requirements, but we’ll explain your options and check whether equity release is suitable for your needs.
With a Lifetime Mortgage, you retain full ownership of your home. You can continue living there for as long as you choose, provided the property remains your main residence and the terms of the loan are met.
Most Lifetime Mortgages don’t require monthly repayments, as the interest rolls up and is repaid when the property is sold. Some plans do allow voluntary payments to help manage the balance. We’ll talk you through all available options.
The amount you can release depends on your age, property value and lender criteria. Typically, the older you are, the higher the percentage you may be able to access. We provide personalised illustrations to show your potential options.
Equity release will reduce the value of your estate. Many plans allow you to protect a portion of your home’s value as an inheritance. We explain the long-term impact clearly so you can make an informed decision.
Funds can be used for home improvements, supplementing retirement income, helping family, repaying existing mortgages, or enjoying more financial freedom in later life. There are no restrictions on how you use the money.
Yes. Equity release is a regulated product, and receiving advice from a qualified specialist is essential. We provide clear, independent guidance to help you decide whether it’s the right choice.
Yes — we offer equity release advice nationwide, with appointments available in person, online or by phone.