Frequently Asked Questions Answering your commonly asked questions about equity release and getting a mortgage in later life. What is equity release? What are the benefits of equity release? What is the difference between Equity Release and a normal mortgage? How old do I need to be to take out Equity Release? What is the maximum age for Equity release? Should I consider equity release? Can I take out equity release if I have a poor credit history? Can I take out Equity Release in my own name if my partner is too young? What Is a drawdown reserve facility in Equity Release?