There are many reasons why people choose equity release. For most people it's
a natural choice to release money from their biggest asset to help fund their
retirement plans. They've worked hard all their life to pay for their home.
Why not benefit from some of that equity now?
Some of the common reasons for releasing money include:
- Home improvements
- Topping up monthly income in retirement
- Buying a new car
- Taking a special holiday or funding more holidays
- Paying for healthcare
- To give money to children or grandchildren - either as
a gift or to fund specific activities.
Whatever your reasons, equity release is completely flexible
and once you've released the money you can do what you
want with it.
Equity release is a lifetime commitment to be used as part
of your overall retirement planning. There may be
short-term solutions which could be more suitable for your
circumstances. Please remember that taking equity release
will reduce the inheritance you leave.
Equity release as a lifestyle choice
There are many reasons to choose equity release, but
there are also some major social and economic trends that
account for the increasing popularity of equity release as a
For example, we're now living longer than ever before.
For many, this means more years to enjoy life - and to
take advantage of the leisure finally offered after a life
of work. But as retirements are lasting longer, you could
find yourself short of the funds you need to pay for the
comfortable retirement you deserve. Even if you have
money in the bank, current low interest rates can leave
you searching for more income.
Equity release can provide that extra money you're looking
for to top up your income, especially if living costs are
rising faster than pensions and savings.