Equity release is a way of releasing cash (equity) from your home while you still live there.
The most popular type of equity release is called a lifetime mortgage, which is a loan secured on your home.
Lifetime mortgages are available to homeowners aged 55 or over.
You can take the money as a lump sum, series of lump sums or as a regular income.
No repayments are required until you die or move out of your home into long-term care, however you can choose to make ad hoc payments or service the interest per month fully or partially.
Our qualified advisers can chat you through all the options available and costs.