Compare Equity Release Deals
The house price increases over the last decade mean that your most valuable asset is likely to be your home, so if you need extra cash, it is worth thinking about an equity release mortgage.
Halifax equity release is not currently offered, but there are a number of other lenders that provider competitive deals to help you enjoy your retirement. An equity release mortgage allows you to release some of the capital tied up in your home, which you can then spend how you wish.
Benefits of equity release include:
- Unlock equity from your property without having to move
- Use the tax free capital for any purpose e.g. home improvements, a new car or to make retirement more financially comfortable
- You can apply whether you are an existing customer or not
But remember, although equity release will allow you to loosen up the cash in your home, the fact that no repayments are made and all interest is rolled up will mean that you are paying more for your mortgage in the long run.
Equity release is not for everyone, but if you are property rich but cash poor, it could be the right option for you – fill in our simple form and a specialist will be in touch.