Equity release can easily be carried out by remortgaging your home. For example if you have a small mortgage of £60,000 on a house that is worth £300,000, there is potential to take out some of that £300,000 and add it on to a new mortgage with the same or a different lender.
While this will need to be paid off, you can gain an instant huge cash sum by releasing this equity.
Thousands of parents throughout the UK are using equity release as a way to help their children get on to the property ladder, and more still are choosing to enjoy that Caribbean cruise or to buy that gite in the South of France. Equity release can really change your life.
I would advise contacting an IFA for further advice. Back to the top of this page... |