9 Reasons Why You Should Consider Releasing Equity
Equity release is growing in popularity across the UK as more and more homeowners over 55 look to access some of the wealth tied up in their property. As house prices have increased, so has the amount of equity in your home. Now could be the perfect time to see how much equity you could release from your home, and how you could use that tax-free cash.
So why should you consider releasing equity from your home?
1. You could have access to tax-free cash – when you need it. With a Lifetime Mortgage you can release as little as £10,000 tax-free initially, and leave funds in reserve for when you need it. You retain full ownership of your home, you’ve just borrowed against it.
2. You could become repayment mortgage-free. Reduce your monthly outgoings by clearing any remaining mo...