What is equity release? 
Equity release lets you access some of the money tied up in your home without having to move. Essentially, it converts part of your property’s value into cash, either as a lump sum or as smaller regular payments, while you continue living in your home. 

Types of equity release 

• Lifetime mortgage: Borrow a portion of your home’s value while keeping ownership. Interest accrues over time and is usually repaid when the property is sold. 

• Home reversion plan: Sell a share of your home to a provider in exchange for a lump sum or regular income. You retain the right to live in the property rent-free. 

Who might benefit? 
Equity release can be an option if you: 

• Are over 55 and want to supplement retirement income. 

• Need funds for home improvements, debt consolidation, or lifestyle expenses. 

• Wish to access cash without moving from your long-term home. 

Key considerations 
Before deciding, weigh the pros and cons: 

• Pros: 

• Access to cash without selling your home. 

• Flexibility to use funds as needed. 

• Can improve financial comfort in retirement. 

• Cons: 

• Interest can accumulate quickly, reducing inheritance for heirs. 

• Fees and charges may apply. 
• Could reduce or affect any benefits you currently receive that are based on your income or savings. 

Questions to ask yourself 

• Do I understand how much I will owe over time? 

• Could I meet my financial needs in another way, like downsizing or using savings? 

• How will this affect my family’s inheritance or estate planning? 

Expert advice is crucial 
Equity release is a major financial decision. Speak to a qualified financial adviser who specialises in retirement planning to understand your options and the long-term implications. 

Curious if equity release could work for you?  

Contact us today for expert guidance and personalised advice to make the right decision for your future