Equity Release on Death

Published / Last Updated on 23/04/2019

Equity Release on DeathEquity Release on a Death

What happens if you die and have equity release?

  • Usually the equity release lender would expect you or your family to sell your property.
  • Unless, the equity release was done in joint names and somebody else is still living there.
  • If a lifetime mortgage, the debt to the equity release company will be settled first, the balance then payable to the estate.
  • If a home reversion scheme, the property sale proceeds will be distributed based upon the % shared owned of the property.