For many people their home is probably their biggest financial asset, far outweighing any savings and income. One way to tap into this wealth is through an equity release plan.
It can be a highly suitable option for homeowners over 55, providing them with tax-free cash, whilst in most cases, they continue to own their own home. More and more people are discovering that equity release can offer life-changing benefits and freedom to enjoy their retirement.
With increasing life expectancy, pension savings gap, shrinking pension funds and the rising cost of living, equity release could provide you with an extra source of income.
There are other things that you need to consider before you make a decision on whether to go ahead. Of course, we will discuss each of these with you before we make our recommendation to you.