Products have been in existence and marketed with varying success for many years and have now seen some improvement in terms and quality.
Equity release covers a wide range of financial products which can be used with other arrangements or on their own to reduce tax or increase capital with or without accompanying mortgage payments during your lifetime. They are increasingly popular and useful to the retired and over 55 age group where capital is tied up in a home and there is a cash shortage for daily living or more often for necessary expenditure. However there are many products on offer and specialist advice is essential. We can signpost you through a process where it may be suitable for your needs.