Over 60? Get equity release quotes and advice…
If you want to boost your retirement income and you’re over 60, equity release is one option you could consider.
It unlocks cash from your home by allowing you to borrow against its value. The lender does not get repaid until the house is sold upon death at which point the amount borrowed plus accrued interest is repaid.
The money can be used for any purpose you choose, such as home improvements, a holiday, or just for making life more comfortable. Other features of over 60 equity release include:
- The cash released from your home is tax-free
- You retain ownership of your home
- It is usually available to those aged 55 and older
- Your heirs can inherit the remaining value of the property
Because no money is repaid until the house is sold, there are no monthly repayments.
If you’re over 60, equity release could be for you but there are other options available to you in order to boost your income. Learn more about it and get free advice by completing our simple form.