Are you short on cash but a have large house and no mortgage? Want to give yourself an income, enjoy some holidays, treat the grandkids, or just pay off the debt you’ve been struggling with? There are several ways of releasing equity from your property to help you now whilst still allowing you to stay in your home for your lifetime.
Equity Release is only available to people over the age of 55.
Equity Release will reduce the value of your estate and can affect your eligibility for means tested benefits.
Alexander House advisers can help you understand the implications of equity release — whether you’ll have to pay interest, what happens upon death, if there are any hidden catches, or whether you might be better off just downsizing. Equity release is a lifetime mortgage. To understand the features and risks, ask an Alexander House adviser for a personalised illustration.