Equity Release and Shared Ownership

Posted on 2 February 2015 by terry


I own 25% valued at approx £50000 is it possible to get equity release on this?


Unfortunately you need to have 100% ownership before any lender will consider you or your property for an equity release mortgage. However, if you need to borrow money for home improvements it might be possible to arrange a residential mortgage.

Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.

Share

You are currently offline. Some pages or content may fail to load.