RBS Equity Release Comparison

The RBS equity release advisory page offers basic information on the two most popular equity release products: lifetime mortgages and home reversion loans. However, RBS does not offer either of these equity release products but instead recommends its own mortgage extension products. RBS offers no specific equity release products of its own and does not link to any third-party providers. The Royal Bank of Scotland (RBS) employs almost 12,000 people and serves more than 3.3 million customers worldwide. Despite offering a broad and diverse range of products and services, there are currently no RBS equity release products available. The RBS equity release page discusses the basic functions of equity release, followed by information on the bank’s remortgage products.

Who should release equity in their homes?

Equity release has been a topic of heated debate over the years, spurred by an extensive period of misselling and misinformation. All of which resulted in millions of homeowners entering into agreements they did not fully understand and paying the price long-term. Today, extensive regulation and government intervention have transformed the face of the equity release market. Equity release products are available from a broader range of established lenders than ever before and are being issued with heightened responsibility. Importantly, prospective clients now have access to all the information they need to make informed and confident decisions for their own financial futures. Equity release is not for everyone, but it can be great for those who are cash-poor and asset-rich. If you own your own home and are 55 or older, you could have the opportunity to tap into some of its value. At UK Property Finance, we can provide the independent advice and support you need to determine whether equity release is for you.

What are the pros and cons of an equity release?

Equity release provides homeowners with the opportunity to tap into some value they have tied up in their homes. Most equity release specialists are willing to offer up to a maximum loan value of 75%, meaning £75,000 for every £100,000 of equity you have. All of this is offered in the form of a lump-sum tax-free payment, which can be spent in any way you like. This makes equity release a great option for those who have significant sums of money tied up in their homes but limited on-hand cash. Particularly when it comes to sustaining a more comfortable and enjoyable retirement, equity release can be hugely beneficial. It is also open to homeowners with poor credit, a history of bankruptcy, no formal proof of income, non-standard employment (such as self-employed status), and so on. However, equity release is a paid financial service like any other, which has terms, conditions, and costs. Most importantly, the value of the estate you leave behind at the time of your death will be significantly reduced, as you will have sold a stake (perhaps up to 100%) of your home to your lender. The implications of equity release, therefore, must be taken into account for inheritance purposes if you intend to bequeath assets to family members. At UK Property Finance, we can help ensure you understand all potential pros and cons associated with equity release before submitting your application. If you decide to go ahead, we will support your application from start to finish, ensuring you get an unbeatable deal from a top-rated lender. Call today to learn more, or e-mail a member of the UK Property Finance team, and we will get back to you as soon as possible.

Bank Compare Rate
Bank of Scotland Bank of Scotland equity release
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Nationwide Nationwide equity release
NatWest NatWest equity release
RBS RBS equity release
Martin Lewis Martin Lewis equity release