Why Equity Release?
Releasing the equity – or the value – locked up in your home, can offer the opportunity of a completely different lifestyle. The emphasis in the media is usually on equity release for the retired as a way of boosting pensions and allowing them to live comfortably rather than scrape by on a meagre income. Some of these schemes have attracted criticism as being over complicated and offering the home owner poor value, but equity release arranged through a reputable experienced company is straightforward and available to people of any age so long as they are homeowners.
So what does equity release offer?
In a market where house prices have soared dramatically, home owners who have been on the property ladder for several years have almost certainly accrued a lot of value. But whilst that value is in their home they are unable to use it. Equity release offers a way of freeing up that capital without the need to move out and downsize. Of course, once you have received the value of your home you will need to pay rent to the equity release company, but the money from your home will be yours to do with as you please. This could present the chance to go on a holiday of a lifetime, boost your savings or increase your monthly income. Once you’ve budgeted for your rental payments the equity release will allow you to be free of debt and provide you with a large cash lump sum.
Equity release isn’t right for everyone. If you have just started out on the property ladder and do not own a lot of equity it is unlikely to be for you. However, if you have finished paying off your mortgage, or if you have a substantial equity in your house – even if you still have a mortgage – releasing those funds might give you the opportunity to do things you could only previously dream about. Equity release could even allow you to retire a little earlier than planned and do that travelling you always promised yourself! Whatever your goals, talk to Property Rescue who assure you of honest straightforward advice.
Contact us on 0800 1313 999, email info@propertyrescue.co.uk or complete an online enquiry form. Property Rescue is a UK Based Organisation dealing with only UK Properties.





