Is Equity Release right for you?
Lots of homeowners are accessing tax free cash from their homes, so you may be wondering if it’s right for you. For many, this is a very attractive option to fund that special purchase or home improvement. Firstly, you need to be over 55. It’s a type of loan, for example a Lifetime Mortgage. You can get up to 60% of your property’s value. Typical interest rates are between 3% and 7%. There will be other fees, like other mortgages. …