Investors
Equity release allows you to access some of the value of your property whilst you are still living in it. Equity release can help to pay for renovations, medical costs, living expenses or anything else you may need a sum of money for.
Equity release does come with risk and ongoing financial obligations, so it is important you speak with an independent expert to work out if it is right for you and what kind of equity release would suit your situation the best.
‘Equity’ is the value of your home, minus any debts on it (your mortgage).
‘Home equity release’ allows you to access some of the equity from your property, while you are still living in it.
‘Equity’ is the value of your home, minus any debts on it (your mortgage).
‘Home equity release’ allows you to access some of the equity from your property, while you are still living in it.
For example, you may need equity to carry our renovations, medical bills, or to help with living costs.
Ways to access equity in your home include:
- Reverse mortgage
- Home reversion
- Equity release agreement
- The Government’s Pension Loans Scheme
The amount of money you can get depends on:
- Your age
- The value of your home
- The type of equity release
