The value of your home minus any outstanding mortgage can be described as your “equity”. Equity release is the process whereby this is turned into cash, which you can then spend on whatever you like.
This can significantly improve your standard of living – enabling you to benefit from the comfortable retirement that you deserve.
There are various types of equity release schemes on the market which are primarily aimed at older borrowers allowing them access to the equity built up in their properties.
This is a specialised area and we at Templar Financial Associates are able to help you make the right decision.
Advice on an Equity Release scheme may involve a lifetime mortgage or a home reversion plan. If so to understand their features and risks, ask for a personalised illustration.