Due to the fact that property values have risen over the long-term equity release is a good way for older homeowners to free up cash from their homes.
Despite the recent rise interests rates are still historically low and borrowing against the equity in your home to free up cash is an increasingly popular way for homeowners to add to their retirement funds.
There are two main types of equity release schemes; lifetime mortgages (55+) and home reversion plans (65+).
It’s important to choose the scheme that is right for you so we recommend getting expert advice before moving forward.