Equity release is now becoming a popular way of releasing money from your home to make retirement more comfortable, help children or even make home improvements.
Equity release schemes offer homeowners aged 55+ a way of releasing some of the money tied up in your home, without the need to move, and if you prefer, without the need to make any monthly repayments. The money released can then be used for whatever you like. You can even take the money in stages thus avoiding any unnecessary build up of interest.
For more advice on equity release mortgages, please give us a call.
Your home may be at risk if you do not adhere to the rules of the equity release scheme.