Equity release is only one of a number of options of extracting cash out of your property by effectively taking out a loan secured on your home. It’s only available to people aged over 55. There are two main types of equity release: lifetime mortgages, which allow you to borrow money against your house; and home reversion, whereby you sell a share in your house.
This would be referred over to Key Retirement Solutions
You will need to take legal advice before releasing equity from your home as Lifetime Mortgages and Home Reversion plans are not right for everyone.
Equity release is a financial product for people aged 55 to 95 which allows you to release some of the cash (equity) tied up in the value of your home. … To release equity from your home, you need to get expert advice from a qualified equity release adviser, which is where we can help.
Equity can be released from your home with either a lifetime mortgage or a home reversion scheme. The most popular type of equity release is a lifetime mortgage, which is a loan secured against your home where you retain full ownership of your property.
You can use the money released from your home however you like to help finance a better, more rewarding retirement.