Equity release refers to a range of products letting you access the equity (cash) tied up in your home if you are over the age of 55. You can take the money you release as a lump sum or in several smaller amounts or as a combination of both.
There are a number of options available:
- Lifetime Mortgages
- Draw-down Plans
- Interest-Only Mortgages
- Capital Repayment
You may wish to raise tax-free capital to gift to your children, be looking to supplement your retirement income or simply want to release some of the wealth that you have accumulated without having to sell your home. Whatever your preference, we will recommend the most cost-effective plan for your needs.