Equity Release Plans give homeowners a way of releasing money from their property and continuing to live in it. If you are aged 55 or older there are some Equity Release Plans that allow you to improve your quality of life by unlocking money from your property without ever having to make any repayments during your lifetime.
Do you want to travel, improve your home, buy a new car, take regular holidays, provide healthcare, have a regular income, help your family or reduce your inheritance tax.
All of this is possible for older people with an Equity Release Plan.
Find the most suitable and competitive Equity Release Plan for you using our ERC Equity Release Comparison Tables.
There are two main types of Equity Release Plans:
A Lifetime Mortgage allows you to take out a loan based on the value of your home.
This loan can either be taken as a lump sum or drawn down in a series of stage payments over time, when needed.
A Home Reversion Plan lets you obtain money by selling a percentage of your home to the plan provider.
You can sell all of your property or just a percentage, retaining the option to sell another percentage later on if required.
How much money could you release from your property?
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