Popular uses of equity release

Imagine receiving a lump sum of tax-free cash to spend achieving your dreams. The only requirement is that you must repay any outstanding mortgage that you may have.

CLEAR DEBTS

This is the primary reason that people release cash from their home. Clearing any debts that you may have can free up money to enjoy once you retire.

HOME AND GARDEN IMPROVEMENTS

The second most popular use of equity release is to carry out home improvements. After all, once you retire, you will have more time than ever to enjoy your home.

NEW CAR

Buying a new car outright can be another way that people have peace of mind and don’t have the worry of unexpected outgoings.

GIFTS TO FAMILY

More and more people are releasing money from their homes to give a gift to their loved ones.

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