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Is Equity Release right for you?

Popular uses of Equity Release include clearing an outstanding mortgage, going on holiday, or treating family, although over half use the cash released for home improvements.

You will receive a cash lump sum, or a series of payments, giving you the freedom to spend the money as you wish, and you can stay in your home for however long you choose.

To qualify for Equity Release you must be aged over 55 (if you are taking out a plan as a couple, this age applies to you both), your home must be worth at least 70,000 pounds, and you must be living in the UK.