With equity release, you can borrow between 20% and 60% of the value of your home with a lifetime mortgage, or between 80% and 100% of the value of the property if it is a home reversal plan. The capital release is commonly used to release money that is immobilized in your home and the minimum age required is 55 years old. The maximum percentage of capital you can release from your home is usually up to 60% of the value of the property. The age of the youngest homeowner has a significant impact on the maximum percentage you can accept in a capital release plan.
Age provides us with a value loan (LTV), which is the maximum percentage that the equity release lender could lend on a property. They also reduced the dollar amounts and the percentage of home equity they were willing to lend. If you have health problems, you may be able to free up a higher percentage of your home equity with a type of equity release called an enhanced lifetime mortgage.