Equity release is the collective name for products that provide home owners aged 55 to 95 with a way of releasing some of the wealth tied up in their property without having to sell it and move to another home.
For many people, their property is their biggest asset. Unlocking this value via equity release is an option being considered by an increasing number of over 55s as a way to help financially plan for retirement.
Equity can be released via a lump sum or in stages via drawdown to help provide an additional source of funds or income in later life, with a growing choice of product features and flexibilities: