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How can I spend the money I release?

The money you receive from an equity release plan is yours to do as you wish.

Popular Uses of Equity Release

Make home and garden improvements

Is your house looking a bit outdated? Have you always longed for a conservatory or an extension on your home? With the money you can make as many changes to your home as you want to make it comfortable and relaxing for you.

Jet off on the holiday of a lifetime

Retirement is the ideal time to see more of the world. You may even have family or friends living abroad that you wish to visit.

Pay debts (mortgage, loans, credit cards etc.)

Debt repayment can be a huge strain on your finances. Many people choose to release cash from their home to settle outstanding bills such as a mortgage, allowing them to free up more of a monthly income. It is important you consider all options before securing debts against your home.

Treat or help the family

May be you wish to help your children get on the property ladder, or maybe help fund your grandchildren through university. Many people choose equity release for these reasons so they can see their family enjoy their inheritance now, rather than wait until they are gone.

Help with regular bills

Cash that you release from your home can help you boost your regular income and make living day to day life a little easier.

To pay for medical or residential care

If you or your partner are moving into long term care or need medical care and equipment then equity release can help you fund this treatment to make life in your later years a little more comfortable.

To reduce the potential liability for inheritance tax

Releasing equity from your home will mean that your inheritance tax will be reduced.

This is an equity release plan. To understand the features and risks ask for a personalised illustration.
Think carefully before securing debts against your home.