Equity release is certainly available for people who fall between age group 55 to 84 years. This certainly is one of the qualifying factors for any prudential based equity release . They also require that you should not have any other mortgage plans or else you may not be eligible for this lifetime mortgage plan. In order to get this equity release you may also be a resident in England, Wales or Scotland. One of the most important factors is that your home should have a value equivalent to at least £ 100,000. There are different types of lifetime mortgage that you can find which may be available to you only if you are eligible for it.