What Is Equity Release

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Equity release is a pension product that can be used to unlock the value of your home. Equity release is also known as “equity drawdown” which means that you can withdraw equity from your property without having to sell it. What are some of the benefits and downsides?

How do you know if equity release is right for you? What are the advantages of using this type of loan? What types of equity release loans are there, and what should I consider when choosing one? Should I speak with an advisor before signing up for an equity release deal? These questions will be answered in this article!

What is equity release?

Equity release is a pension product that can be used to unlock the value of your home. Equity release is also known as “equity drawdown” which means that you can withdraw equity from your property without having to sell it.

What are some of the benefits and downsides?

It allows you to access your property’s equity without having to sell it. You can buy a smaller, cheaper home that will suit your needs better than a larger one with more expensive running costs. When you take out an equity release loan, there are no monthly repayments: instead, the interest on the loan increases in line with house prices over time so that when you move or die the money owed goes up automatically.

It may also be possible for elderly people who need their children’s help but do not want them to inherit everything they own at once, as well as those who have been left widows and want financial independence from their spouse now or later in life if he dies.

In Conclusion 

Equity release is a viable option for those who want to access the wealth in their home without having to sell it. Equity Release loans are available from lenders including banks, building societies and specialist equity release providers like Aldermore and Equitise which offer one-off lump sum payments or monthly income through life annuities.

Equity Release

Unlock the value of your property and turn it into cash.

Frequently asked questions

Usually you don’t have to make any repayments while you’re alive, as the interest ‘rolls up’.
Usually you don’t have to make any repayments while you’re alive, as the interest ‘rolls up’.
Equity release involves borrowing against your home, the money released will need to be repaid when you pass away or move into long term care.