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Equity Release

Equity Release

If you are in your mid 50's or older you might have paid a substantial amount off your mortgage, or be close to doing so. The value of your home may have risen a lot since you bought it, but you might still be short of money to spend, invest or even pay your standard mortgage off. Equity release is a way of raising money from the value of your home.

Cash raised from equity release schemes can be used for any purpose. Home improvements and repairs are popular choices as are holidays and gifts to children and grandchildren. However, it is worth emphasising that the money can only be spent once; equity release schemes mean smaller inheritances for children and grandchildren.

We can look at all your options for releasing a part of the value of your home in return for a cash lump sum, or income to spend as you wish.

This is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration.

For details of our fees for Equity Release business please see our page How we are Paid