Equity release to help first time buyers

Posted in Equity Release Property News

16th June 2010

Equity release could be the answer for many parents looking to help their older children to take advantage of a housing market ripe for first time buyers.

According to research by Santander UK, buying is now cheaper than renting in every area except London.

However the main difficulty faced by most first-time buyers is raising the average 25 percent deposit needed to take that first step.

One option could be for parents to use equity release schemes to unlock the value in their own house to solve the problem.

Homeowners over 55 may be able to get a tax-free lump sum that could help their family to get on the property ladder themselves.

Why not use our online equity calculator to see how much value you could release?

Or give Age Partnership a ring today and let us help you to help your family.

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