Equity Release allows you the ability to access your money that has been built up in your property, without having to sell or move out. It is tax-free cash based upon the value of your property, giving you the ability to use the money as you please.
If you are over the age of 60 and a homeowner whose paid off 50% or more of your mortgage, you are more likely to be eligible for equity release. Different equity release schemes allow you the choice to take out a percentage lump sum or in smaller payments. The loan and interest amount that has accrued on the home will be recovered only when the property is sold in the event of having moved out into long-term care or death.
If you would like to know how much equity is in your home, get a FREE quote by clicking on the map down below .
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