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What is equity release?

Equity release refers to a range of products letting you access the equity (cash) tied up in your home if you are over the age of 55. You can take the money you release as a lump sum or, in several smaller amounts or as a combination of both.

Equity release options

There are two equity release options:

Full Article Here – https://www.moneyadviceservice.org.uk/en/articles/equity-release

Article originally published by ‘Money Advice Service’. Greenfields Financial Management is not responsible for its content or accuracy and may not share the author’s views. News and research are not personal recommendations to undertake financial decisions. All investments can fall in value so you could get back less than you invest.