Equity Release is available to the over 55-age group and is a way of releasing cash from the value of your home without the need to sell it.

There are many reasons why people release equity from their home; here are some of the more common reasons:

  • To pay for home improvements or adapting your home to accommodate your needs

  • To supplement retirement income and make life more comfortable

  • To clear debts or a mortgage

  • To buy a holiday home

  • To help out children or grandchildren

  • To have a holiday of a lifetime or buy a new car.

Important Information: Equity release may involve a lifetime mortgage or a home reversion plan. To understand the features and risks, ask for a personalised illustration. Equity release may not be right for everyone. It may affect your entitlement to state benefits and will reduce the value of your estate. Check that this mortgage will meet your needs if you want to move or sell your home or want your family to inherit it. If you are in any doubt, seek specialist advice.