How Does Equity Release Work?
If you’re considering equity release, our specialist advisers can take you through what it entails and if it’s right for you. There is no obligation to proceed, and our advisers will only advise going forward if it’s in your best interests.
You must –
- Be over 55 years of age
- Own and live in the property you wish to take equity from
Your property must –
- Be located in Britain (excluding Northern Ireland)
- Valued at least £60,000
- In good condition
- Either freehold or leasehold, with a minimum lease period of 75 years remaining
5 Steps to Releasing Equity
An Equity Release scheme is a big decision to make, before pursuing it you should consider alternatives and your financial situation. After doing this and deciding you still want to proceed with equity release you should follow this simple 5 step process to ensure it is right for you.