What can equity release be used for?
Why choose to release equity?
What can Equity Release be used for?
Equity Release can be used for almost anything. Many people use Equity Release to improve their lifestyle and have a more rewarding retirement. Whether it be home improvements, assisting family or taking that holiday of a lifetime! It can also be used to repay existing mortgages or debts.
We handle everything from start to finish, including paperwork, communication with providers and solicitors, and keeping you informed
Equity Release can be used for a range of purposes
The Benefits Of Equity Release
If equity release is suitable for you then the benefits can be priceless. If you are considering equity release make sure you obtain independent advice from a specialist. Below you will find some of the purposes Equity Release is used for, such as;
Repay interest only mortgage and stay in your home
Repayment of a mortgage to increase monthly income
Stay in your home and adapt it as your mobility needs change
Help a family member buy their first or subsequent home
Treat your family, celebrate the good times and still leave a guaranteed inheritance
Help finance a move to a new home or for home improvements
Reduce the value of the estate and Inheritance Tax
Supplement income such as pensions and share investments
Have spare funding for travel, hobbies and interests, etc
A Range Of Options To suit You
Types Of Equity Release
Equity release can be a fantastic way for homeowners to access the wealth tied up in their property, allowing them to enjoy a better quality of life in retirement. At our The Equity Release Company, we understand that every client is unique, which is why we offer a range of options to meet their individual needs.
Lifetime Mortgages
A lifetime mortgage is a type of equity release for homeowners over 55 that allows them to access their home equity through a loan secured against their property, receiving either a lump sum or a regular income.
About Lifetime mortgages
Drawdown Lifetime Mortgages
A drawdown lifetime mortgage is a loan secured against a property, allowing homeowners over the age of 55 the flexibility to access funds as they require them as needed and pay interest only on the withdrawn amount.
About Drawdown mortgages
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Unlock your home's equity today
Whether you're looking to make home improvements, pay off debt, or simply enjoy your retirement to the fullest, equity release can help. Our team are here to guide you through the process and help you make the best decisions for your unique situation. Fill out our form today to get started.