How equity release works:

• Lifetime Mortgages (most common):
  You borrow against the value of your home, with interest rolled up and repaid when you die or enter long-term care. You remain the legal owner.

• Home Reversion Plans:
  You sell part or all of your home to a provider in exchange for a lump sum or income, but continue living there rent-free or at a reduced rent.

Who can apply?

• Typically available from age 55+

• Property must meet provider criteria

• The older you are, the more you may be able to release

Key benefits:

• Access tax-free cash for any purpose

• Remain living in your home

• No monthly repayments required (unless you choose)

Important risks:

• The amount owed increases over time if interest is rolled up

• Reduces inheritance left to your family

• May affect eligibility for state benefits

• Early repayment charges may apply

We’ll assess your needs fully and explore all options, including alternatives, to ensure equity release is right for you.

Equity release is a big decision

Equity release isn’t for everyone — but for many, it’s a smart and safe solution. At Patrick Wayne Wealth Management, We help clients across Kent explore their options in plain English — with no pressure and total transparency. You’ll understand how it works, what it means for your family, and what alternatives exist.

You should consider it very carefully and get specialist financial and legal advice before making any decisions.

This form of lending is most suitable for those over 65, however, it’s possible to do

this if you are over 55. It is important to understand that these are lifetime mortgages and to

understand their features and risks, you will need to have a personalised illustration.