If you are over 55 years old, Equity Release is a way of releasing cash from your home while you still live in it. The most popular form of equity release is called a Lifetime Mortgage, which is a loan secured on your home. You can take a lump sum all at once, a series of lump sums when it suits you or a regular income. The loan does not have to be repaid until after your death or if you have to move out of your home into long-term care.
This is a lifetime mortgage or home reversion plan. To understand the features and risks associated with such products, please ask for a personalised illustration.