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Raising a lump sum

over 55?

 

We're dedicated to providing free thinking financial solutions to the over 55s. Helping you...

If you have important plans to finance

If you would like to do more in retirement

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Compare our free thinking options

Keep your equity

The Over 55s Unsecured Loan

  • Because you don’t want to use your home as security
  • You must have spare guaranteed pension income from an annuity or final salary pension, which you can afford to give up
  • If you pass away before it's fully repaid, the loan is written off
  • Borrow from £15,000 to £150,000 over terms from 5 to 20 years
  • For homeowners (with or without a mortgage) aged 55 to 70
  • Non advised, online application. After application acceptance, funds are usually available within 2 working days 

Loan calculator

 

We find you the best deal to 

release your equity

  • Your independent financial adviser will help secure the best equity release deal for you from across the whole market​
  • Your choice, because you don’t mind borrowing against your home ​
  • You prefer minimal or no repayments ​
  • You don’t mind reducing the value of your estate ​
  • If you own your own home and are aged 55 plus - no upper age limit ​
  • Fully advised service, from your initial consultation meeting, the completion and receipt of funds usually takes up to 8 weeks

Equity release calculator

Reasons to borrow

Look after your parents
Help your children
Add value to your home
Bring forward your plans

Many people 55 to 70 find themselves in the "sandwich" generation, having to both help their children and look after their elderly parents. For example, you may need to: 

  • Modify your parents’ home
  • Modify your home if your parents live with you
  • Add a granny annexe or extension to your property
  • Raise money for essential home nursing care and support

Raise the funds you need by talking to free2's Equity Release Advice Service or by taking out an Over 55s Unsecured Loan.

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Perhaps you’d like to help your children without spending a portion of your savings or dipping into your pension funds? For example, you might want to:

  • Raise a deposit for their first home
  • Pay for a wedding day to remember
  • Give your grandchild an amazing start in life by paying for their education
  • Convert the attic for the grandchildren to occupy

Find the solution, either by talking to free2's Equity Release Advice Service or by taking out an Over 55s Unsecured Loan.

 

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Now that you’re spending more time at home, you may wish to add to its value and improve its liveability and attractiveness. Through free2's Equity Release Advice Service or by taking out an Over 55s Unsecured Loan, you could choose to:

  • Add an open-plan extension to your kitchen and family room
  • Bring in the experts for a lush garden makeover
  • Renovate your bathroom to create a wet room with underfloor heating
  • Add loft space or a conservatory

 

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You might want to achieve some significant lifestyle changes, or realise some plans earlier in your retirement, for example:

  • Go exploring in a classic vintage car
  • Make plans to travel the world
  • Give free range to indulge your lifelong hobbies

You could raise the necessary funds by talking to free2's Equity Release Advice Service or by taking out an Over 55s Unsecured Loan.

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Important information

The Over 55s Unsecured Loan

free2 is a specialist credit broker working as an Authorised Representative with a single lender, RS Consumer Finance Limited
Unsecured loans for UK homeowners (with or without a mortgage)
Your home is not used as a security
You must be 55-70 with excess guaranteed pension income
Guaranteed pension income can be from an annuity or final salary pension
Borrowing cannot be for business purposes and we strongly advise people against borrowing to invest
A fee of £299 is added to your Loan only on completion. No early repayment penalties
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free2 Equity Release Advice Service

free2 will introduce you to Money Advice & Planning Ltd. They'll provide independent equity release advice, always with your best interests at heart
Expert advice from experienced equity release advisers. They get to know you, your current circumstances and your wishes for the future
There's no fee for the initial consultation. If you choose to proceed with a recommended product, an advice fee of £595 is payable on completion
The Equity Release Advice Service is not limited to a small number of products and advisers will scour the whole market to find the product for you
No obligation. You can change your mind at any time, before completing
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