In later years there are many reasons why a homeowner might want to release a lump sum from their property. An equity release mortgage allows those who are between over age 55 to get a lump sum without having to sell and move house – something which can be a significant upheaval, especially for the older generation.
There are no rules about how your money should be spent, meaning that the lump sum can be used for most legal purposes from debt consolidation, helping a family member, or realising that dream holiday that you have been planning for years.
Equity Release can be complicated, but it does not have to be – you can read more about your options here.
There are two equity release options:
If you still have any reservations or questions about equity release / later life lending then we’d love to speak with you. Get in touch using the details below to speak with a qualified advisor or arrange a meeting.