Equity Release MortgageRelease cash from your Property

An equity release mortgage is a home loan that is taken out to make use of the value that has built up in your home. An equity release mortgage is an option that is only available to consumers of a certain age, typically 55, with the aim of raising cash to provide them with an income during their retirement. You would usually receive a cash lump sum, and one popular option is to invest all or some of the cash lump sum in an annuity, so that interest builds up and you receive a specified amount each year in addition to your state pension. Of course, as the money is yours to do with as you choose, some of the money could also be used for home repairs, medical care or a holiday. More info

An equity release mortgage is a complicated product, so much so that mortgage advisors need to be specially qualified to advise you about an equity release mortgage. When considering taking out an equity release mortgage, you should bear in mind that this option may involve relinquishing ownership of your property in exchange for a lifelong income and minimal rent, and this will affect the family and loved ones that you will eventually leave behind. Therefore, we would strongly advise that you speak to an equity release mortgage specialist before proceeding, to ensure that there are no other options available to you. Less