The Free Money Advice Service has been setup by the government to provide impartial advice on most financial matters but is particularly good on Equity Release. 

Equity Release is a minefield but a necessary minefield! Get it right and older people can raise money on their property - potentially allowing them to afford to stay in their homes for the rest of their lives. Get it wrong and they can accumulate an enormous debt and effectively disinherit their children as the finance company claims their home in order to repay the accumulated loan when they die. The link below may help you decide whether this might be a useful route to go down. However just as importantly consider using a financial adviser.
This is a simple AgeUK Equity Release calculator which will help you find out how much an equity release loan would allow you to raise on your house.

Independent Financial Advisers - IFAs London

Thornton & Baines

Imperial House, 15-19 Kingsway, London WC2B 6UN, UK – 020 7183 0136

we attended for advice on equity release from Daniel Candy and we were pleased with his presentation, professionalism and information given to us. We attended for advice on preparation of wills and information and LPA with Esat Kartal. We were very satisfied with the service provided and all the comprehensive information given to us.

We are very satisfied with your service and we like you very personally

Master Adviser

22 Chancery Ln, London WC2A 1LA, UK – 020 7440 6250

Outstanding attention to detail. First class.


1st Floor, 20 Little Britain, London EC1A 7DH, UK – 020 7065 2740

I have been with Money Wise for many years and would not hesitate to recommend them. They are professional, friendly and extremely knowledgeable. They deal with my Pension, Investments and ISAs and I feel confident with their advice and recommendations. In addition they are very approachable and they take a personal interest. Perhaps the strongest recommendation I have is the trust I have with them.

Have been a customer with MONEYWISE for some months now and have found them very helpful, always have my interests at heart. The Advisor and the other staff have very valuable and detailed knowledge and all my pension plans were fashioned to suit me and everything about me. I would recommend MONEYWISE to anyone thinking about their financial position and in need of advice. Thanks

Click for excellent Money Saving Expert advice on choosing an Independent Financial Adviser (or IFA) around London.