Secure your later life finances.

Common uses of equity release include, but aren’t limited to:

Home renovation or repairs

Paying off mortgages, debts or loans

Helping out family and friends

Lifestyle requirements – new car, holidays, etc.

Specialist advice personal to you

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Specialist advice personal to you

What is a Lifetime Mortgage?

  • Equity is the value of your home, minus any mortgage or loan secured against it
  • A lifetime mortgage allows you to access equity and turn it into funds for whatever your requirements may be

Our array of mortgage solutions is meticulously crafted to cater to individuals aged 55 and above. Whether you are considering refinancing, accessing extra finances, or even purchasing a new property, we hold the certainty that our selection includes retirement interest-only mortgages or capital and interest repayment mortgages perfectly suited to your requirements.

Equity release empowers homeowners to access tax-free funds by utilising the value stored in their home. At Aspire Equity Release we specialise in lifetime mortgages. Our selection of plans affords you the flexibility to tailor the attributes and safeguards, thereby enabling you to unlock an enhanced quality of life in your later years.

We pride ourselves on providing a comprehensive range of services tailored to the needs of our clients aged 55 and over. Whether you’re seeking expert advice on retirement planning, financial guidance on releasing equity, or personalised solutions for your specific circumstances, we are confident in delivering a holistic and thorough service that addresses your unique needs and aspirations.

Types of Equity Release

Lump Sum

A Lump Sum equity release allows you to release a one-time, tax-free cash lump sum from the value of your property. This option is ideal if you have a specific financial goal in mind, such as paying off an existing mortgage, funding home improvements, or helping family members financially. The loan amount and any accrued interest will be repaid when the homeowner(s) pass away or move into long-term care.

Interest Roll-Up Mortgage

With an Interest Roll-Up Mortgage, you borrow a lump sum or receive regular payments, but you don’t make monthly interest repayments. Instead, the interest is added to the outstanding loan balance over time. This means the total amount owed will increase gradually. The loan, along with the accumulated interest, is repaid when the property is sold or the homeowners pass away.

Drawdown and Income

Drawdown and Income equity release provides you with the flexibility to release funds as and when you need them. Rather than taking a lump sum initially, you set up a “drawdown” facility, allowing you to take smaller amounts when required. This option can be beneficial if you want to manage your finances more effectively and avoid paying interest on funds you don’t need immediately. Additionally, some plans may offer the option for regular income payments.

Interest Paying Mortgage

An Interest Paying Mortgage is a less common type of equity release. With this option, you have the choice to pay off the interest regularly, similar to a conventional mortgage. By making interest payments, you prevent the outstanding loan balance from increasing, which can help preserve more of your property’s value for inheritance purposes. The loan is typically repaid when you move into long-term care or pass away.

Rating: 5 out of 5.

First class professional help all the way through the process. Ian Butler is very knowledgeable and couldn’t explain things any better. Highly recommend this company if anyone is looking to release equity.

Andrew Goldthorpe

Rating: 5 out of 5.

Great service! Just what I was looking for! The most helpful and professional company. Their advice was bang on the money! Will definitely be recommending them.

Matt Bird

Rating: 5 out of 5.

Very professional company, answered all my question and explained everything very clearly. Ian Butler was fantastic in his understanding of what I needed and the best companies to go to to get what I required. Ian was always proactive without being pushy, I would strongly recommend Ian and Aspire

Nigel Styne

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