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Can I Access the Equity Tied up in my Home
11/01/2011
The equity in your home refers to the market value of your home less any outstanding mortgage, which might be a considerable sum, especially for those homeowners who have paid their mortgage in full.
This sum is, in effect, locked in the home and an equity release mortgage can access that money to spend as desired.
Reasons for equity release vary, but the money released is often used for things like large home improvement projects or major renovations to the house that might eventually add significant value to the home. Other scenarios might simply be the need for extra income to help with monthly expenses.
In order to ascertain if equity release is the right route for you it is important that you seek specialist equity release advice.
Homeowners aged over 55 years who would like to access the equity tied up in their home and would like specialist advice on how much money the value of their property could release, can find out by contacting therightequityrelease.co.uk for equity release advice.
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