What is Equity Release?

Equity Release is where homeowners aged 55 and over, can withdraw equity tied up in their homes. This equity (money) can be used for things like home improvements, a new car or even a holiday of a lifetime. Due to the equity being tax-free, it has become a popular avenue for homeowners; especially as they retain the right to live in their home despite accessing the scheme.

equity release lending activity 2017

Equity release gives retirees £8m per day

‘Pensioners accessed £3bn in housing wealth in 2017’ (Which, 2018).

Huge increase in equity release

‘The number of older people raising money by using the value of their home grew 40% last year. Altogether more than £3 billion of the equity in their homes was released. A record amount and a record rise’ (BBC, 2018).

What are the benefits of equity release?

what is equity release

Can we help you with accessing equity from your home?

Follow this link for our free and easy to use equity release calculator, to identify whether equity release is right for you.

Equity Release Calculator

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