Equity Release products are designed for people over 55 to take cash value from their homes without having to move. There are a wide range of equity release products that can provide a valuable source of income for some people. It may be possible to take the money you release as a lump sum, as smaller amounts or a combination of both. Equity release products have changed dramatically for the better over the last few years and you will be surprised at the options and flexibility that is now available.
Equity release will reduce the value of your estate and can affect your eligibility for means-tested benefits.