Equity release refers to a range of products letting you access the equity (cash) tied up in your home if you are over the age of 55. You can take the money you release as a lump sum or, in several smaller amounts or as a combination of both. Equity release options. Lifetime mortgages.
Equity release is not for everyone, and in the past it has attracted bad publicity because of unscrupulous sales people and high interest rates.
It is regulated by the Financial Conduct Authority and interest rates are now at an all time low, so it has become a more attractive option.
If you have already taken out equity release and think your interest rate is too high then don’t despair. It might be possible to have it reviewed with the potential of lower interest rates.
We use an independent supplier with a whole of market approach (and not the one that pays the most commission), to get the best possible solution.