Thinking of equity release?
Later in life you may find you need additional income and one solution may be to release some money from the value of your home, whilst continuing to live there. An equity release provider can provide you with either a lump sum or an income in exchange for part of the value of your home. The two popular types of equity release are Lifetime mortgages and home Reversions. Whether equity release is right for you or not will depend on your circumstances. A mortgage broker who is qualified to advise on equity release will be able to advise you on the rates and the advantages and disadvantages.
