Equity release is a means of releasing money tied up in your home whilst still living in it. It is an option for the over 55’s. A mortgage doesn’t need to have been paid off to release equity and it can be received in a lump sum, small amounts or as a combination of both.
There are 2 equity release options:-
Please note that Equity Release will reduce the value of your estate and can affect your eligibility for means tested benefits
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