What is equity release?
The value of your home, minus any outstanding mortgage and any other loans secured against it, is the equity you have in your property. This equity is often passed on as an inheritance, however an increasing number of people are tapping into some of this wealth to help boost their retirement ﬁnances.
After years of working hard to make monthly repayments, your home is likely to be your biggest asset, particularly if you have beneﬁted from an increase in house prices over the last few decades. Tens of thousands of people are already enjoying the beneﬁts of unlocking some of the cash from their home. It’s not suitable for everyone, which is why it’s important to get expert equity release advice before you make a decision.
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