If you do not have a mortgage on your property and need an income or cash lump sum, perhaps for home improvements for example, then releasing some of the equity you have built up in your home could be an option for accessing the funds.
An equity release plan can provide capital or supplement retirement income whilst allowing you to remain in your home. Equity release is only available to those over the age of 55 and many of the schemes are only available to property owners over the age of 60 or 65.
You can take the money you release as a lump sum or in several smaller amounts, or as a combination of both.
By speaking with one of our experienced advisers, we can explore your options for equity release and tailor a plan that is right for you and your circumstances.
To arrange a free consultation, call George Square Financial Management on 0115 947 5545 or contact us online here.
Your home may be repossessed if you do not keep up repayments on your mortgage. Equity release may be arranged as a lifetime mortgage or a home reversion plan. To understand the features and risks ask for a personalised illustration.