Why should I consider equity release?

Your home is a valuable asset – so if you’re struggling financially, or just want to enjoy life a bit more, it could make sense to use that asset to your advantage.

Equity release allows you to take some of the value out of your property as cash, while allowing you to continue living in your home. There are typically two options:

Home reversion – you sell your property to a reversion company and receive a cash sum, but you can continue to live there rent-free.

Lifetime mortgage – you keep ownership of your property, but take out a loan against its value to give you a cash sum. The loan, plus interest, is eventually repaid when your property is sold.
It’s important to be aware that you may not receive the full market value for your property in an equity release scheme. It’s not a decision to take lightly, and there may be other ways of accessing the funds you need before considering equity release. Speak to one of our advisers, and we’ll carefully guide you through the benefits and implications, so you can make an informed choice.
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