What are the alternatives to Equity Release?
An equity release plan can prove to be a useful retirement planning option for homeowners. However, there are alternatives to be considered than could prove a more effective financial solution and Bower Retirement Services will fully discuss these with you as part of your free initial consultation. These include:
- Moving to a smaller or less expensive property
- Accepting financial support from family and friends
- Claiming your entitlement to means tested benefits
- Local Authority home improvement grants
- Using savings or unlocking existing investments
- Using a traditional mortgage
