OVERVIEW

Equity release allows you to access money tied up in your home without having to move.

It’s often used to support retirement, fund home improvements, or help family members financially.

However, it’s important to fully understand how it works and the long-term impact. Our team is here to guide you through the process and make sure everything is understood properly.

Full Detail

What is equity release?

Equity is the value of your property minus any outstanding mortgage. Equity release allows you to access some of that value while continuing to live in your home.

There are two main types:

Lifetime Mortgage
A loan secured against your home. You retain ownership, and the loan is usually repaid when you pass away or move into long-term care.

Home Reversion Plan
You sell part or all your property to a provider in exchange for a lump sum or regular payments, while continuing to live there. The provider receives their share when the property is eventually sold.

Things to consider

Equity release can be a useful option, but it isn’t right for everyone. It’s important to consider:

• The impact on the value of your estate
• How it may affect benefits
• The long-term implications for your property

We always recommend speaking to a qualified financial adviser before proceeding. We can also signpost you to trusted advisers if needed.