Who can benefit from equity release
Equity release is available to homeowners who are aged 55 or over, and could benefit from either an additional lump sum of money or a more gradual injection of funds over time.
Because the money raised using equity release is yours in the first place - you're simply releasing it - the cash that you receive is tax-free and can be spent on whatever you like.
However, if you have a mortgage secured against the property, some of the money you release must be used to pay this off.
Furthermore, with the most popular form of equity release, the lifetime mortgage, there are no regular repayments to make; and you continue to own 100% of your home throughout.
Here are some popular examples of how equity release could help you:
- Home improvements
- Clearing your mortgage
- Improving your lifestyle
- Financial peace of mind
- Mitigating inheritance tax
- Helping family members
Find out if you qualify
If you are a homeowner aged 55 or over, you could be eligible to take advantage of releasing equity from your property.
Equity release can significantly improve your financial situation, giving you a more comfortable retirement.
Call us today on freephone 08080 555 222 or use our equity release calculator to find out how much equity you could release.