What is a no negative equity guarantee?

If you opt for an equity release plan in the form of a lifetime mortgage the principal amount you borrowed plus any additional amount, usually in the form of interest, will need to be repaid from the proceeds of sale of your property. This creates the possibility that the amount recovered from the sale of your home will not be enough to settle the outstanding balance.

So as not to leave a debt to either your family or estate reputable providers of equity release products provide a no negative equity guarantee. This guarantee is a promise by the lender that neither your estate nor family will ever have to pay back more than the value of home, even if the accumulated debt is more.

Our advisers will only recommend equity release providers who offer a no negative equity guarantee.

If you feel that equity release may be right for you, or if you’d just like to know more you can call 0800 622 6035 or request a call back. One of our team will be able to discuss with you your circumstances, review your eligibility and, if appropriate, arrange an appointment for you with an adviser.