Bower equity release review - Finder UK

Bower equity release review

In this review, you'll discover the key advantages and disadvantages of Bower equity release products


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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Bower provides an equity release advice service and brokerage. It has won several awards for customer service in recent years.

It doesn’t have its own equity release products.

What equity release products are on offer?

Bower provides an independent “whole of market” financial adviser service. That means your advisor will compare the entire matket to find the best equity release product for your specific needs.

How does it work?

When you get in contact with Bower, you’ll be prompted to arrange a free initial consultation, either face-to-face or over the phone.

During this consultation, an adviser will answer all of your questions and explain the process of releasing equity from your home. They’ll do all they can to outline the pros and cons of equity release for you.

If you wish, your adviser can then begin to search the market to find the best equity release deal for your needs.

If you go on to take out a deal, you’ll pay an advice fee (typically £295) and an arrangement fee (typically £1,495)

If you decide not to go ahead, you’ll pay nothing at all.

Is Bower equity release safe?

Bower is an independent broker, working with third-party companies. It is regulated by the FCA and has no incentive to pressure you into an unsuitable deal.

With equity release products, there is a risk of interest compound growing very quickly, especially when you’re not paying any monthly interest on the loan.

Your Bower adviser will make these risks clear to you.

There is no risk of you owing more than the total value of your home.

Eligibility criteria

Equity release providers have their own unique eligibility criteria. Provided you’re eligible for any equity release product, you’ll be able to work with Bower.

At the very least, you’ll need to be at least 55 years old, and own a home in the UK with no mortgage or a very small one.

How to apply

To get the ball rolling, you can call Bower on 0800 411 8668, send an email to or fill out the contact form at

Pros and cons


  • An award-winning independent, whole-of-market advice service.
  • A free initial consultation with no obligation to take out a plan.


  • A sizeable arrangement fee to pay if you take out a deal.

Our verdict

Under FCA regulations, you have to use a financial advisor when arranging equity release, and Bower would appear to be a great company to use for this.

Frequently asked questions

To understand the features and risks of lifetime mortgages, ask for a personalised illustration from a lifetime mortgage company. Check that this type of mortgage is suitable for your needs if you plan to move or sell your home or you want your family to inherit it. If you're not certain, seek independent advice. Your home may be repossessed if you do not keep up repayments on your mortgage.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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