Equity Release
Equity Release allows customers to raise money against their home without moving house.
Newlife offers 2 types of Equity Release, a Lifetime Mortgage or a Home Reversion Plan – both of which allow customers to live in their property for life.
- A Lifetime Mortgage is a mortgage where a non-serviced debt is raised against the property.
- Under a Home Reversion Plan all or part of the property is sold.
Newlife is a member of SHIP, complying with its Code of Conduct and product protections. Newlife is also authorised and regulated by the Financial Services Authority.