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Equity release is a way for homeowners aged 55 or over to release tax-free funds from their homes without having to move.
It is an increasingly popular way for people in, or approaching, retirement to boost their ﬁnances.
Our independent financial advisers are here to help you make a retirement plan that truly fits your needs, both today and in the future.
How does equity release work?
You can release some of the tax-free funds from your home with a lifetime mortgage, the most popular form of equity release.
A lump sum lifetime mortgage is essentially a loan that’s secured against your home, giving you access to a single lump sum of funds and you’ll still own your property.
A similar product that is available is a drawdown lifetime mortgage.
Unlike a lump sum lifetime mortgage that gives you a one off lump sum, this product allows you to draw funds out in stages after taking an initial lump sum. Plus, you’ll only ever pay interest on the money that’s released.
In the same way a lump sum lifetime mortgage works, a drawdown lifetime mortgage is also a loan that’s secured against your home and you’ll still own your property.
Our equity release advisers will offer a holistic view, so you can weigh-up all of your options, including downsizing or using other forms of borrowing, and if releasing equity from your house isn’t right for you, we’ll tell you.
"I was able to release £40,000 from my property to help fund an early retirement. Greig made the process really simple and worked closely with my financial adviser to build a comprehensive retirement plan for me."