Equity release is, in a nutshell, a way to unlock the value of your property and turn it into a cash lump sum. You can do this via a number of policies which let you access the equity (cash) tied up in your home, if you’re 55+. As a rule, you can take the money you release in one lump sum, in several smaller amounts or as a combination of both.
Equity release reduces your estate’s value and may affect any means-tested benefits you’re eligible for. A lifetime mortgage, which is a loan secured against your home, is the most popular form of equity release and you will still own your home. Think carefully before releasing equity and make sure it’s right for you.
Please note that some of the brokers we work with may not provide quotes from all of the equity release providers featured on our website.
Equity Release UK is a trading name of Faith & Embrace Ltd. Registered in the UK, company registration number 07288200. Registered office: Faith & Embrace Limited, 168a Hoylake Road, Wirral, CH46 8TQ
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