If you're facing a pension shortfall or need to meet an unexpected expense, equity release may be an option to consider.
It allows you to unlock some of the wealth you've accumulated in your property without having to move.
When it comes to generating additional cash, some people may feel they have no option but to sell their home and downsize to obtain the money they need. With equity release, you can generate additional cash without incurring the cost and upheaval of moving.
Some people use the tax-free cash they receive from equity release to make improvements to their home, install a new kitchen or bathroom, or just update the property. Others may choose to help their families, whether it is helping children and grandchildren onto the housing ladder, helping with education, assisting in times of need, or simply allowing them to see their family enjoy their inheritance early.
At Barwells Wealth, we can help you look at your options and establish whether equity release could be right for you.
This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration.