Equity Release

Equity release is a variation of a secured loan or mortgage which is available to retired homeowners.

Especially with the property price boom of recent years, you may have a large amount of money tied up in your property, and yet you may have too little disposable money to properly enjoy your retirement.

Equity release frees up some of this value in the form of a tax-free lump sum paid to you by the mortgage company, which you can use for any purpose you wish.

You don't have to make repayments on the loan, but the mortgage company will own a share in your house. The money will be repaid from your estate after you die.