The guide to using equity release to unlock property wealth later in life

22/11/2024

Your home may be one of the largest assets you have. With property wealth often inaccessible, you may be considering using equity release to unlock some of the money tied up in your home.

According to the Equity Release Council, the average new customer unlocking property wealth releases almost £60,000. So, using equity release could provide a significant financial boost in your later years.

However, it can have a long-lasting effect on your finances so it’s crucial you understand what equity release means and whether it’s the right option for you.

This guide explains:

• How equity release works
• The potential pros and cons of using equity release
• Alternative options that you may want to consider.

Download your copy of “The guide to using equity release to unlock property wealth later in life” to learn more about equity release and some of the factors you may want to weigh up.

If you’re thinking about using equity release and have questions, please contact us. We’ll help you understand if it’s an option that could be right for you.

Please note: This guide is for general information only and does not constitute advice. The information is aimed at retail clients only.

Think carefully before securing other debts against your home.

A lifetime mortgage is a loan secured against your home. To understand the features and risks, ask for a personalised illustration. Equity release will reduce the value of your estate and may affect your entitlement to means-tested benefits. Your home may be repossessed if you do not keep up repayments on your mortgage.