What can equity release be used for?

Equity release can be used for a variety of things including:

  • Increasing disposable income
  • Funding retirement
  • Home improvements
  • Providing financial help to family members or friends
  • Taking a dream holiday or regular breaks
  • Repayment of an existing mortgage
  • As a temporary stop-gap to tide you over financially whilst you wait for your pension, an inheritance or any other tied-up investments to be released — once you have the cash you’ve been waiting for, you can pay off your loan
  • Funding the purchase of a new home at a higher value than your existing property
  • Improving or maintaining a lifestyle standard
  • Enjoying hobbies and pastimes
  • Buying a new car
  • Paying for a carer, gardener or cleaner
  • Reducing the value of your estate and mitigating Inheritance Tax