Loans under £1 million

Equity Release

Equity release schemes enable older homeowners to release money tied up in the equity of their home without the need to sell up and move out. The money released can be used for a multitude of purposes – to enhance retirement plans or help grandchildren get on the property ladder, for example.

There are two main types of scheme – lifetime mortgages and reversion schemes.

Taking advice is essential not only in assessing which scheme is appropriate for your needs but also the financial and legal implications of equity release.