Equity Release Explained
If you are looking for a way to improve your finances in retirement, equity release is the perfect solution. Equity release plans provide you with a variety of opportunities to unlock money that is tied up in property that you own such as your home. The main aim of these plans is to provide you either with a regular monthly income throughout your retirement or with a lump sum cash amount that you could use for any purpose. These plans allow you to release all or a part of the total value of your home. Wait! Does this mean that you will not have a home to live in in your golden years? Absolutely not! The great thing about equity release is that even though you release money tied up in your home, you are still allowed to live in your home. In fact, you get to remain in your home until the day you die or move into long-term care.