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What Is Equity Release
17/12/2010
By providing your home as financial security, much needed capital can be released to help supplement your retirement income. Through opting for equity release you can expect to receive either a lump sum payment or monthly payments to an agreed value on your property.
When the owner eventually passes on or if they decide to sell the home, move in with family or into a residential home, the company is repaid through the sale of the home.
When pension payments may have otherwise been insufficient, home equity release lets home owners live an enjoyable retirement, enabling the purchase of anything they want, whether a car, a holiday or just a good standard of living.
Homeowners aged over 55 years who are finding retirement difficult and would like to know how much money the value of their property could release to help, can find out by contacting therightequityrelease.co.uk for equity release advice.
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