Equity release loans

Equity release loans, equity release mortgages or lifetime mortgages are all the same type of mortgage arrangement. Equity release loans are designed for uk homeowners over the age of 55 who want to release equity from their property.

Many people have properties worth large amounts of money but have comparably little savings. With an equity release loan you can have access to your equity to spend and enjoy. Your property equity is the value of your home less any mortgages. One way to release equity is to sell up and downsize to a cheaper property. Many people do not wish to do this and so an equity release loan is an alternative way of raising finance.

There are many types of equity release loans and it pays to take good advice from a professional adviser who is experienced in such matters.

Equity release loans

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