Age Partnership Equity Release Reviews (Updated 2022)

Is Age Partnership Equity Release Any Good & Safe? We Review the Pros, Cons & Scheme Features
Contributors: Nicola Date, Katherine Read. Edited by Rachel Wait & Reviewed by Francis Hui
Are You Considering Age Partnership Equity Release? What Are the Pros, Cons & Costs? Read Our Reviews & Discover If Age Partnership Lifetime Mortgage Schemes Are For You.
TABLE OF CONTENTS

Age Partnership Equity Release


Did you know that you can get top-notch equity release advice available 7 days a week?

Presenting, Age Partnership, equity release experts whose services include leading equity release advice.

With over 15 years of award-winning services, could Age Partnership be the equity release service provider you’ve been looking for?

We’ll help you learn:

  • What you MUST know about Age Partnership equity release.
  • The services that Age Partnership offers.
  • Why you should consider equity release through them.

To discover the best equity release plan providers on the equity release market, we analysed details of over 220 plans, focusing on interest rates and plan flexibility.

Here’s what we found when researching Age Partnership:

Before You Start Reading….

Let’s See How Much You Can Release 👇

 

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What’s Equity Release & How Does it Work?

Equity release is a later-life financial product designed to help homeowners over 55 use the cash tied into their property if they have a small or no mortgage left.

The cash can be unlocked in a lump sum, a drawdown, a combination of both, or through a monthly salary.

Nothing is owed during the course of the loan, unless you wish to make voluntary payments.

Instead, the loan and compound interest are settled from the sale of your home when you move to long-term care or pass away.

Does Age Partnership Offer Lifetime Mortgages & Home Reversion Schemes?

Yes, age partnership offers lifetime mortgage and home reversion schemes from leading lenders lenders.

Their role is to give whole-market advice to their customers.  

What’s the difference between the two?

What’s a Lifetime Mortgage?

A lifetime mortgage is the most popular form of equity release that allows you to unlock cash from your primary residence while still retaining full ownership of your property.

No monthly payments are required with lifetime mortgages. Instead, the loan and compound interest are due to be repaid when the last homeowner dies or goes to a care home.

This usually happens through the sale of your home.

What’s a Home Reversion Scheme?

A home reversion scheme is a plan that lets older homeowners sell their property for under market value but continue living there for the rest of their life.

The tax-free cash can be released in a lump sum, an initial lump sum with a drawdown, or by receiving a monthly salary.

An Introduction to Age Partnership

Established in 2004, Age Partnership is an award-winning financial services advisory company that offers the UK’s top equity release advice amongst additional services.

Based in Leeds, West Yorkshire, Age partnership proudly employs over 500 staff members who are expertly trained to assist with a range of financial solutions, focusing mainly on over 50’s.

What Other Services Do Age Partnership Offer?

The other services Age Partnership offers besides equity release include advice on:

  • pension income solutions,
  • additional mortgages
  • home insurance.

The Pros & Cons of Equity Release with Age Partnership

The pros and cons of equity release with age partnership is that they specialise in later-life products, but you will need to pay a completion fee for their services.

Pros of Equity Release with Age Partnership

  • They offer award-winning equity release advice.
  • They have implemented no-contact virtual appointments for your health and safety.
  • You can negotiate exclusive and preferential plans across the market.
  • They are Equity Release Council members and are registered with the Financial Conduct Authority.
  • Free quote without obligation to proceed.

Cons of Equity Release with Age Partnership

  • Your equity release loan can accrue interest quickly.
  • Your heirs may end up with little or no inheritance.
  • You won’t benefit from the full property value.
  • If you decide to buy back your home, it will be at the full value with a home reversion.
  • Further equity advances are not guaranteed.

Age Partnership Equity Release Features

Age Partnership Equity Release Features is that they advise on plans across the market.

As members of the Equity Release Council, you can guarantee that they’ll only look at regulated lenders.

Some features that will be available include:

  • No negative equity guarantee
  • Inheritance protection
  • Enhanced lifetime mortgages
  • Partial repayment plans

Why Should I Consider Equity Release Advice with Age Partnership?

You should consider equity release advice with Age Partnership because they are a multi-award winning firm offering top-notch equity release advice.

They are currently the leaders in their field.

Awards include:

  • Mortgage Strategy Awards (2019): Best Broker for Equity Release
  • 1000 Companies to Aspire Britain (2018)

Got Questions?

Is Age Partnership Not the One?

Are you looking for an alternative equity release company?

Take a look at our list of leading equity release lenders to consider in 2022.

Before You Go…

Use the FREE Calculator Below 👇

 

Equity Release Calculator

Value of Your Home?

50000

Drag me

🔒 100% Secure & Fast

It’s VERY FAST, takes just 8 seconds

Editorial Note: This content has been independently collected by the EveryInvestor advisor team and is offered on a non-advised basis. EveryInvestor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.