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For some, their home is their biggest financial asset. In order to fund for that special holiday, much needed renovation, retirement strategy or any other important items, an Equity Release plan could be your answer.
It works as a solution for people to get the most out of their house, by releasing a lump sum amount of cash which is secured against the valuation of their property. This is the reason why Equity Release plans are also known as life time mortgages or home reversion plans, as they are a way of securing money by mortgaging your home. The money received from such mortgages can be used to pay for any necessities in life or simply make retirement days more comfortable.
To be eligible for Equity release plans, a person or a couple must fulfill a certain criteria:
Find out if you meet all the criteria and how much cash you could possibly release from your house through our free equity release calculator.