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What could I do with the extra cash?
The great thing about an equity release plan is that you can do what you like with the extra money. Below you can find some examples of how some people use their newly found financial freedom in retirement:
- Maintain or improve your lifestyle
- Pay off loans or outstanding bills
- Fund holidays or short breaks
- Fund special celebrations
- Fund home improvements, e.g. adding a conservatory
- Buy a new car or caravan
- Supplement medical care, e.g. operations and care needs
- Treat your family or friends
- Reduce potential inheritance tax liability
The following information can help you to understand the pros and cons of equity release and find out whether an equity release scheme might be the right option for you. In order to fully understand how the different equity release schemes work, specialist advice is needed. To get the full picture, and to have access to all products on the market, we recommend you take independent advice.