Equity release is a way in which you can unlock a lump sum of cash from the property you own. There are various ways in which you can do this, and at Equity Release Brokers we have access to a network of equity release services that can provide you with the right package to suit your specific needs.
The equity that is tied up in your home can be ‘released’ via these policies, allowing you to access a lump sum if you are over the age of 55. You do not need to have paid off your mortgage in full in order to release equity from your home.
It might not always be the best option for you, and we would always advise you to first sit down and look at all of your options before committing to equity release in any form. For some people it might be better to downsize through selling your property and buying a smaller home.
There are options in how you can take the money that has been released through our services. For some people it is advantageous to receive all of the cash in one lump sum, whilst for others it is better to receive the amounts in smaller totals on which you pay interest. In some cases, there will be an initial lump sum payment, followed by smaller amounts on a regular basis.
If you want to plan for your future care, or that of a loved one, and think that our equity release service could be of use to you, please contact us today on 01277 620083 or email email@example.com.