Equity release allows UK homeowners over the age of 55 to unlock part of the financial value in their home for various reasons, usually to help manage finances in later life. This can provide money to spend while the homeowners are still fit and healthy, or to help fund a particular purchase like a holiday home, or to give a living inheritance for loved ones.
The reasons for using equity release are many and varied and include:
- Boosting retirement income
- Helping children and grandchildren financially
- Undertaking home improvements
- Paying off an interest only mortgage
- Funding your lifestyle
Our independent financial advisers will help you understand if equity release is right for you and let you know how much equity you could release from your home.