Equity release, or a Lifetime mortgage, allows those who are over the age of 55 to release a lump sum/equity from their home without having to sell or move house.
There are no stipulations on what the equity released can be used for but below are some examples.
Equity release is a complex product, and it is essential that correct advice is received. Our brokers will explore all options with you to ensure the correct product and advise is provided. Other options, such a standard mortgage or a retirement interest only (RIO) mortgage, may be a more appropriate alternative, so after an initial meeting we can consider all options available to you.