Equity Release Mortgages

Description

For many people, their home is their most valuable asset. Unlocking this value through equity release is an option that an increasing number of over 55s are considering to help them plan financially for retirement. Individuals aged 55 and up can use equity release to withdraw funds from their home without having to make monthly payments. Lifetime mortgages and home reversion schemes are the two types of equity release. A house owner can use an equity release product to take a lump amount or regular smaller sums from the value of their home while still living there.