Equity Release – A Useful Tool

With a greater number of older homeowners, Equity Release has increased in popularity. Traditionally it was just a way for those who were cash-poor but property-rich to enhance their lifestyle. This is still the way it is used by most, but others have found it a tool to handle other situations. One property owner used Equity Release as a bridging loan for a property purchase. Another used it as capital raising for a business venture. Most recently we completed a case where the mother in her 80s wanted her only son to have some of his inheritance now to help out his family, rather than having to wait until she was gone. With the increasing use of Equity Release, more options are becoming available and interest rates have edged downwards. Call us on 01342 313302.