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Freephone 0800 411 8668

Want to know how much tax-free cash you can release?

Find out with our FREE Equity Release calculator

Find out with our FREE Equity Release calculator
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If you are over 55, you may qualify for equity release. Find out how much you could release by entering your details.

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Change your life

with Equity Release:

  • Treat yourself to a luxurious holiday
  • Improve your home and garden
  • Pay off your credit debts or loans
  • Help your family onto the property ladder
  • Free yourself of your mortgage

Things to consider when releasing equity:

  • It will reduce the value of your estate
  • It may affect state benefits you are entitled to
  • Always think carefully before securing a loan against your home

Here's what our customers are saying about us: (Genuine customer reviews from our customers in the last 30 days)

Feefo logo
  • I would certainly use them again, the service from the first phone call was first class. mike gillies was such a pleasant and helpful guide through the process.

  • Gary croucher is a credit to your organisation. we had spoken with three of your competitors and our decision to go with bower was as a result of the service we received from gary. absolutely first class.

  • we would recommend them to anyone.they were very efficient explaining everything to us clearly and were very quick.

  • The financial adviser nick rogers was excellent , he helped us through all the paperwork and made the whole thing very easy.

Feefo gold trusted member logo 2018 Feefo gold trusted member logo 2017

We are honoured and humbled to recieve the following awards

Click below for more info or visit our Awards page

Moneyfacts award winner 2017
What Mortgage winner 2017
What Mortgage winner 2018

Watch our acceptance of the Best Broker for Equity Release

Mortgage Strategy award winner

5 Reasons our customers choose equity release

We asked our advisers what the top reasons their clients gave for needing the funds were. So based on real life customers, with real life needs, we're sharing with you the top five reasons.

  • 01 Get the lump sum you want

    Equity release allows you to gain access to a lump sum with no monthly commitments. We’ll help you determine how much you could release and advise on the right plan for your requirements

    We’ll take into considerations your property value, your age, health and lifestyle, to calculate the lump sum you could access. With a personalised plan to suit your needs, you can spend the money the way you want.

  • 02 Help your family out the way you want

    Nowadays it’s proving very difficult for the younger generation to make it onto the property ladder without a little boost from the “bank of mum and dad.” But many people don’t have that amount of money laying around and feel helpless.

    Many advisers stated that gifting money to children was a common reason for releasing equity amongst their clients. Bower’s Customer Services Specialist, Chris Summers, told us that he’s found some customers want to gift money to also save on inheritance tax later on.

  • 03 Get the home improvements you want

    Another reason why people choose to access funds from their house is to actually re-invest in their property by carrying out home improvements. Many people don’t want to down size to be able to get their dream house. They just want to be able to access funds so they are able to maintain the home they currently live in.

    One lady had her property built herself in 1998 and she wants to maintain it, she doesn’t want it to fall behind in terms of maintenance. Another client needed a mortgage so he could finish off his house and finish off an extension on the kitchen, he didn’t need a lot, he needed it as a facility to finish it all off and he’s going to pay it off over time.

    - Gordon Cunningham, Equity Release Specialist

  • 04 Go debt or mortgage free the way you want

    Many go into retirement with outstanding debts such as loans, credit cards and unpaid mortgages and struggle to make the monthly payments.

    Releasing cash from your property enables you to clear these debts and get rid of financial stress in retirement. The money is only repayable when the property is sold or when you pass away. So with no monthly repayments you can enjoy a more relaxed retirement. Ed Foot, Equity Release Specialist says:

    With interest only mortgages, people are not necessarily not wanting to pay anything but their lender won’t extend. So we can look at actually allowing them to continue borrowing and continue making payments
  • 05 Live your life the way you want

    The dream of a relaxed retirement filled with cruises and luxury travel is often shattered by the reality of financial struggles in later life. Many are asset rich but cash poor, meaning they have money tied up in property with no cash to spend on the life they deserve.

    This leads us to our final reason why clients contact Bower. We found that many people wanted cash from equity release to access the funds tied up in their “bricks and mortar” to spend on the life they desired and deserve in retirement.

    People that just simply are not leading the retirement lifestyle that they desire. Their having to skimp and scrape and really haven’t got the spare money to get together to go on holiday

    - Gordon Cunningham, Equity Release Specialist

    Our adviser Ed Foot confirms that the funds really can be spent on anything!

    I’ve done plans for prosthetic limbs, new teeth… you name it!

    - Ed Foot, Equity Release Specialist

Read below for more information on Equity Release and how it can benefit you

  • Types of Equity Release Plans

    There are two types of equity release plan - Lifetime Mortgages and Home Reversion plans.

    Working out which plan is most suitable for you will depend on a number of things including how much you want to release, the value of your property and the ages of you and your partner.

    As part of the Bower advice process we will discuss with you the different plans and listen to your individual requirements so we can help you make an informed decision. For more information take a look at our page that explains the different types of equity release plan.

  • Is Equity Release Right For You?

    Deciding to release equity from your property is a decision that needs a lot of consideration. Here at Bower we like to be transparent about all the facts and give you open, honest advice.

    We only give you advice that we feel is right for you and your needs. We understand that equity release will not always be the right choice for everyone and we’ll tell you if this is the case.

    We’ve listed the advantages and disadvantages of equity release to allow you to feel more at ease by knowing the facts.

    • Advantages

      Equity release allows you to spend your tax-free cash on anything you like such as home improvements, clearing a mortgage or debt and topping up your monthly income.

      You continue to live in your own home, rent free, for the rest of your life or until you move into permanent residential care.

      You will never have to repay more than the value of your home and your estate will never owe more than the property is worth when it is sold due to the ‘no-negative equity guarantee.’

      You have the flexibility to release the money as a lump sum, or a lump sum with a drawdown facility.

      You have the choice of having a plan with no commitments of regular payments.

    • Disadvantages

      The value of your estate will decrease resulting in reduced inheritance.

      Certain state benefits you are entitled to may be affected.

      There may be financial penalties if you wish to repay or end the plan early.

      Some lifetime mortgages are paid back with compounded interest meaning that over the longer term the amount you owe can grow quite quickly.

      Bower always let you know if there are other alternatives. Equity release is just one possible option for acquiring tax-free money from your home; downsizing or taking on a lodger are two other options.

  • How is Equity Release Calculated?

    If you take your property value minus any debt/mortgage, this is the amount of equity you have. We then take into consideration other influencing factors such as your age, health and lifestyle, as poor health can sometimes mean you can release more. This is why we require a little information about yourself, so we can calculate your unique figure.

  • Switch Your Equity Release Plan

    For those of you who already have an existing equity release plan, it may be beneficial to see if switching your equity release plan to another provider could save you money. It could also allow you to unlock more from your properties wealth to give your finance another boost.

    Bower can take a look at your options and the fact that we are independent with access to the whole market, we may be able to get you a lower interest rate and potentially save you thousands by switching.

    If your equity release plan is with a company that no longer offer the product such as Prudential, Aviva, More2Life or Just Retirement, you’ll find that they will not be able to offer you the option to negotiate a better deal. However, Bower are able search the market and can inform you of the options available.

  • Frequently Asked Questions

    Our friendly customer services team and expert advisers are answering client’s questions every day. So we know the common concerns and what questions people need answers to in the first instance when looking into equity release.

    We want you to have all the resources available to help you make an informed decision that’s right for you, so we’ve published the frequently asked questions for you to take a look at.

    But if you want us to answer any questions you have and discuss your personal circumstances, then do give us a call or arrange a call back time and we’ll be more than happy to have a chat.

Below are a number of success stories that a number of our kind customers have sent in that show how our dedicated service, expert support and independent, unbiased advice can change lives for the better.
  • My wife and I have just completed a Lifetime Mortgage with Bower Retirement. This was a big decision for us to make, but the process was made much easier by the services of Mike Gillis. Mike provided a sensitive, knowledgeable and totally professional service for us. We will have no hesitation in recommending Mike to any of our friends who wish to consider ER.

    Mr & Mrs Robertson

  • You made everything so easy for me – I really didn’t have to do anything. You explained everything in detail and made every step of the process easy to understand; very professional but friendly too! You were readily available at any time and I really could not have entertained equity release without your input.

    Mrs Janet Ayres

  • Thank you very much indeed for all your hard work and the care that you have exercised in guiding us all through the process of setting up the appropriate funding for my Mums ongoing care. I would have no hesitation in recommending your services to others.

    Mr Andrew Hawksworth

  • Bower explained everything clearly and went the extra mile with any difficulty that I faced. They kept me fully informed of the progress.

    Mr G Pike, Cheshire

Bower Retirement work with the following partners to provide the best plan for you:
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Bower lender logos

This information does not contain all the details you need to choose an equity release product. The equity release calculator will provide an approximate figure only; the amount of money that you can raise may be greater or less than the figure shown and will depend on a range of factors personal to you. One of our advisers will be able to confirm exactly how much you can raise with a personalised equity release plan.

As a member of The Equity Release Council, we recommend the plans that adhere to their code of conduct. In cases where there may be more suitable plans for (whatever reason), we’ll discuss this with you so you can make an informed decision.

These guarantees work in your best interests and include:
  • ‘No Negative Equity’ Guarantee — you or your family will never owe more than the value of your home
  • You will not lose your home and can remain there for as long as you want to, providing it remains your main residence
  • No debt will be left to your loved ones
  • You can move to another suitable property
  • You will receive independent legal advice from a solicitor of your choice

Bower is authorised and Regulated by the Financial Conduct Authority (FCA). If you would like to find out more about Bower Retirement, call free phone 0800 411 8668. You’ll speak directly to an expert, friendly adviser who’ll arrange to come and see you in the comfort of your own home at a time to suit you. And if it helps you feel more comfortable, please invite friends and family along too. Equity release has made a genuine, lasting, positive difference to the lives of thousands of people in the UK. Call us today and let’s see how we can help make a difference to yours.

This is a lifetime mortgage or home reversion plan. To understand the features and risks, please ask for a personalised illustration.

Bower is here to provide you with independent, impartial financial advice and comprehensive customer support. Our fees are tailored to your individual requirements and are based on the products you need. You will only be charged once your plan completes and the precise amount will depend on your personal circumstances but our typical fee is £395 for advice, and our typical arrangement fee is £1,447 which is only payable when your plan completes. To understand the full features and risks, simply ask us for a personalised illustration.

* terms and conditions apply.

To find out more about any of the Bower products and services mentioned here, please call us on freephone 0800 411 8668, request a call back, email us, or join in our live chats you’ll find on our website.

If you are considering equity release we strongly recommend that you read our ‘Advantages and disadvantages of Equity Release’ page carefully.