Helping you understandIf your house has increased in value since you bought it you may want to release some of the equity you’ve accrued. The products explained are equity release products. To understand the features and risks, ask for a personalised illustration.
Frequently asked questions
What is releasing equity?
Equity is the value of your home minus any outstanding mortgage or debts against the property. Unfortunately, as this equity is tied into bricks and mortar, it may not be ideal for older individuals looking to cash in on their net worth. Equity release provides a way to access these assets through a tax-free lump sum of cash or regular income payments. It can be used for lifestyle improvements, one-off purchases or gifts to loved ones.