June 2025 House price data
If you’re over 55 and own your home, there’s some good news. House prices are rising again – and that could mean you’re able to release more money from your property.
According to the latest figures from Nationwide, the average UK house price in May 2025 is now £273,427, up from £264,249 one year ago – a 3.5% increase in just 12 months (Nationwide House Price Index).
Why This Matters
If your home has gone up in value, you may be able to unlock more funds through equity release. This money could help with:
Boosting your retirement income
Helping children or grandchildren get on the property ladder
Paying for home improvements, care needs or travel
How Much Have Prices Risen?
Average UK house prices have grown by £9,000 since May 2024
Since the start of 2024, the market has climbed by over 6%
Rural homes have seen even stronger growth than city homes
“Countryside homes continue to outperform urban areas in terms of price growth.” – Nationwide House Price Index
If your home was worth £260,000 last year, it might now be worth around £269,100. That increase could mean thousands more in available funds through equity release.
What Is Equity Release?
Equity release lets you access some of the money tied up in your home – without having to sell or move. You stay in your home for life or until you go into care.
There are two main types:
Lifetime mortgage – a loan secured against your home, usually repaid when you pass away or sell the property.
Home reversion – where you sell part (or all) of your home to a provider in return for a lump sum or regular payments.
The Possible Downsides
While equity release can be helpful, it’s not right for everyone. Things to think about:
Interest builds up over time if you don’t make payments
It may reduce how much you leave as inheritance
It could affect your entitlement to certain state benefits
Its not suitable for short-term borrowing due to potential early repayment charges
That’s why expert advice is so important.
How Retirement Solutions Can Help
At Retirement Solutions, we’re here to guide you through every step:
We’ll explain everything clearly – no jargon
We check if equity release is right for you and your needs
We’ll give you a personalised quote and explain all the costs
We only work with providers approved by the Equity Release Council, so you’re protected
There’s no pressure, no obligation, and no cost for your initial consultation.
