Equity Release allows you access some of the money tied up in your house with absolutely no worries of having to give it up. Many retired people find themselves ‘asset rich and cash poor’. Maybe your pension isn’t as much as you had hoped for but you have seen your property value soar. Maybe you don’t have enough money for the extras in life but do not wish to move house.
Equity Release provides the opportunity to access some of the capital tied up in your home. People release equity for a number of reasons:
- Home Improvements
- Increasing income
- Repaying debts
- Making a gift to a relative – with the growth of house prices, many first time buyers are struggling to get on the housing ladder. Some people also like the idea of making a ‘living inheritance’
- Healthcare – some people prefer to have an operation more quickly and in greater comfort in the private sector. Equity Release could provide the funds to do this if a waiting list is long.
- Buying a car
- Holiday of a lifetime
You can use equity release for any legal purpose – the only limit is your imagination.
CONTACT AN EQUITY RELEASE SPECIALIST