What Can Equity Release Be Used For?
If you want an idea of what equity release can be used for then the following list contains some examples:
- Repayment of a mortgage to increase monthly income
- A tax-free lump sum for a private hip operation to avoid a lengthy waiting list.
- Help a family member buy their first home.
- Help finance the purchase of a new home.
- Replacement of family car and home improvements.
- Supplement pensions and share investments.
- Reduce the value of the estate to eliminate Inheritance Tax.
- Be with the grandchildren and 'enjoy my money whilst I am alive'
- Buy a motor-home to travel throughout Europe.
- Just to have the money to spend 'as I want, when I want'.
You may also use equity release to purchase a holiday villa, pay for central heating and supplement your income to improve your lifestyle and well being!
If equity release is suitable for you then the benefits can be enormnous. If you are considering equity release, obtain impartial advice, by giving us call. It costs nothing to obtain a free personalised illustration.