What is Equity Release?
If you are aged 55 or over and a homeowner, then Equity Release is a way for you to access the wealth tied into the value of your house, without having to sell your property or move out. All money taken through Equity Release is tax free.
It means you can put it to positive use to improve your quality of life, be it a lump sum for a large expense, or a steady stream of smaller payments for a more managed income. An Equity Release loan lasts until the house is sold when you either die or move permanent care, so it is a big commitment.