Guardian Equity Release And Lifetime Mortgage Review in 2024

Are You Considering The Guardian’s Equity Release Advice? Read Online Reviews and Find Out What The Guardian Has to Say About Equity Release. Discover What You Need To Know Right Here…
  • Last Updated: 05 Feb 2024
  • Fact Checked
  • Our team recently fact checked this article for accuracy. However, things do change, so please do your own research.

Contributors:

Francis Hui

Key Takeaways

  • Guardian equity release is a financial arrangement that allows homeowners aged 55 or older in the UK to unlock the value of their property while still living in it.
  • It works by providing a tax-free lump sum or regular income drawn from the value of your home, which is only repayable when the property is sold, typically upon death or moving into long-term care.
  • Safety depends on individual circumstances, but the company is regulated by the Financial Conduct Authority and is a member of the equity release Council, offering safeguards such as the no negative equity guarantee.
  • Costs can include initial set-up fees, interest rates charged on the loan, and possible early repayment charges, but they offer a no-obligation quote to provide a clear overview of potential costs.
  • You can move home even after using Guardian equity release, provided the new property meets the company's criteria and the outstanding loan amount is repaid from the proceeds of the sale or transferred to the new property.

Could The Guardian's equity release news help you learn how to access funds through a lifetime mortgage?

As equity release lending hits £664mln in Q2 of 2023,1 it is clear that more and more homeowners have started to make the most of their previously inaccessible property wealth.

While it is great to have a wide variety of plans to compare, the fact that there are now more options than ever to choose from can make the entire process quite daunting.

The good news is that it does not have to be.

Every Investor's research team has dedicated countless hours to thoroughly assess equity release data and compile it into a user-friendly format for your convenience.

In This Article, You Will Discover:

    Therefore:

    NOTEEvery Investor is an impartial and unconnected third-party information provider via this website, and the details replicated in this commentary represent the opinions of Every Investor only and may not reflect the views or opinions of The Guardian. This article must not be interpreted as advice, nor is it a solicitation to conduct transactions in any financial product provided by The Guardian.

    Who Is The Guardian?

    The Guardian is a well-known British newspaper and online publication.

    It has a reputation for it's progressive editorial stance and often covers stories from a socially liberal perspective.

    Founded in 1821, it has become one of the UK's prominent newspapers with a global readership.

    What Is The Meaning Of Equity Release?

    For homeowners aged 55+, equity release provides a pathway to access the financial value within their homes.

    It's a strategy for converting home equity into spendable cash.

    The repayment mechanism of equity release is distinct; it's postponed and fulfilled from the property's sale, generally after the owner's significant life transition.

    Learn More: Meaning Of Equity Release?

    Does The Guardian Have an Equity Release Calculator?

    No, The Guardian does not have an equity release calculator. It does however, provide a mortgage search tool powered by L&C to search for the best equity release deals.

    If you are looking for an equity release calculator, try the one below for an approximation.

    How Did We Review the Information on The Guardian and Equity Release?

    We reviewed information on The Guardian and equity release by considering the news and facts it offers so we could give you the most current report about the publication.

    Reader Reviews

    What readers of The Guardian have to say online:

    Reader Complaints

    If, as a reader, you would like to lodge a complaint regarding what you have read, the easiest way to do so is to email The Guardian's personal finance section at money@theguardian.com.

    Additionally, you have the option to share your thoughts on any Guardian content by composing a letter to the editor, which can be sent to guardian.letters@theguardian.com.

    Another avenue for providing feedback is to use platforms like Trustpilot or Feefo to leave a review.

    Your input will prompt a representative from the company to engage with you and offer assistance.

    The Guardian's Equity Release or Lifetime Mortgage Interest Rates Information

    The Guardian may report on interest rate news but does not specifically detail equity release rates.

    Equity release interest rates currently range from 5.20% to 6.30% AER*.

    *While we regularly review our rates, these may have changed since our last update.

    What is The Guardian's Information on Equity Release Fees?

    The Guardian warns that equity release fees and costs can accrue and that these should be taken into account when considering equity release.2

    On average, equity release fees range from £1,500 to £3,000* and can vary between lenders.

    *While we regularly review our fee information, this may have changed since our last update.

    Registration Details

    Registration Number

    Companies House Reg Number: 00908396

    Companies House Link

    Companies House Link: Companies House Link

    The Guardian Contact Number

    • 0203 353 2000
    • money@theguardian.com
    • Kings Place, 90, York Way, London, N1 9GU.

    Common Questions

    What Is Guardian Equity Release?

    How Does Guardian Equity Release Work?

    Is Guardian Equity Release a Safe Option for Me?

    What Are the Costs Associated with Guardian Equity Release?

    Can I Move Home if I Use Guardian Equity Release?

    Is The Guardian a Member of the Equity Release Council?

    Who Owns The Guardian?

    Are You Looking For a Job at The Guardian?

    Does The Guardian Offer Equity Release?

    Is The Guardian Safe?

    In Conclusion

    Equity release is a big step and you should always speak to an independent financial adviser before committing to a lifetime mortgage or home reversion plan.

    Preparing your retirement finances can appear overwhelming, but beginning your journey with a reliable source of equity release information, like The Guardian, is a good starting point.

    The features mentioned and the amounts raised, are subject to the lender’s criteria, terms and conditions. These may take into account the age, health and lifestyle factors in order to provide an enhanced amount. To understand the features and risks, ask for a personalised illustration.

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