We’ve been helping people release equity from their property for years. It’s not for everyone, but equity release does have a place in financial planning for older clients.
What is equity release?
In a nutshell, equity release is a way for home-owning individuals over the age of 55 to release money from the value of their home. It’s increasing in popularity and can be a great way to safely tap into your wealth without having to sell your home or move out.
Sounds simple, but there are actually lots of things to take into consideration. Whether it’s the right option for you depends on a whole host of factors: the value of your home, how old you are, how much you want to release, where you live, your income, your plans for the future.
It’s important to look at the long-term implications, not just the short-term boost. That’s why lenders will only accept an equity release application following advice from an authorised and qualified equity release adviser – like us!