Equity release is a tax-free way of unlocking some of the money tied up in your home. If you are aged over 55, money can be released in one go as a lump sum or in smaller amounts as required. Equity release can be used for any reason, from home or garden improvements or going on a once in a lifetime holiday to paying off existing debts or mortgages or helping family members get a foot on the housing ladder.
The equity in your home is the difference between its value and any outstanding loans secured against it such as a mortgage. When you release equity this loan is secured against your home in return for a sum of money. You continue to live in your home and there are no monthly repayments to make unless you wish to do so. Once you or the last remaining homeowner has died or moved into long term care and the house is sold both the original loan and any interest is repaid.
We are impartial equity release specialists who are not tied to any specific lenders, so we can search across the whole of the market to find the right products for you.
We offer free and no-obligation initial appointments so you can find out if equity release is something you want to consider, with no pressure to proceed.
For more details about equity release, please call now on 0333 000 2097.