If you’re interested in equity release and would like to speak to a specialist, contact us and we’ll put you in-touch with one of our expert partners who will be able to help.

Equity release refers to home reversion plans and lifetime mortgage. To understand the features and risks ask for a personalised illustration

Reasons for equity release

Increasing numbers of retirees are turning to equity release as a much-needed source of tax-free cash, but what is their motivation?

Interest-only mortgage

It has been estimated that a staggering 600,000 people will have an interest-only mortgage maturing before 2020. Not all of these will have a repayment strategy in place and could struggle to find a new deal due to age.

Gifting

With recent house price increases, it is difficult for first-time buyers to get on to the property ladder.

This is just one of the many reasons why an increasing number of over-55s are opting to help their loved ones now rather than leaving an inheritance, with a 'lifetime legacy'.

Home improvements

Many people in or approaching retirement are using equity release to make home improvements as they do not want the upheaval of moving home.

Many over-55s are making the home and garden more manageable rather than moving to a smaller property.

Pay debts

Entering retirement with outstanding debts can be a worrying prospect. This is where equity release can provide a much-needed lifeline.