Equity release, also known as later life lending is becoming more and more popular.
There were over 15,000 active equity release customers in the last quarter of 2024 totalling £665 million worth of housing which is 161 million more than the same period in 2023 (source: Equity Release Council).
Equity release is a type of mortgage that allows homeowners 55 and over to access money from their property’s equity without having to leave their home. This is done by securing a loan against the house which is usually repaid by selling the property when the borrower passes away or has to move into long-term care.
As with any loan, opting for equity release is a big decision and we’d strongly recommend getting advice from an Equity Release Adviser who is part of the Equity Release Council.
Pros of equity release
Cons of equity release
Unlike many other Equity Release Advisers, our experts are also qualified Mortgage Advisers which allows them to discuss every other option of your home finances in an unpressurised environment.
Give us a call today: 016258 507477 or email: team@mortgagerequired.com.
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