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 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. Some people take equity release because they do not have adequate savings and they need extra money to meet living expenses. Others simply want to improve their lifestyles or help a loved one

Some of the things equity release can be used for include: – Adapting and improving a home so the owner can live in it independently for longer – Paying off debts, such as outstanding mortgages, credit cards or personal loans – Making up pension shortfalls, increasing disposable income and providing a better quality of life – Paying for help around the home, including domiciliary social care – Buying a new car or other lifestyle purchases – Helping a child or grandchild through university or with a deposit on a house.

It is important to take professional advice before making any decision relating to your personal finances. Information within this page is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK.

Equity release will reduce the value of your estate and can affect your eligibility for means tested benefits.

Tax and Estate planning are not regulated by the Financial Conduct Authority

The value of pensions and investments can fall as well as rise. You may get back less than you invested.

Will writing is not regulated by the Financial Conduct Authority. 

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