Equity release
Equity Release Schemes can enable you to turn some of the value of your home into cash. These schemes are aimed at older people who are also homeowners.
Some of these schemes operate by giving you a lump sum or a regular extra income, or sometimes both. While they can be attractive, it is also important to be aware of the implications of equity release. You should get independent financial and legal advice before entering into an Equity Release Scheme.
Equaity Release Schemes can seem complicated and hard to understand. The purpose of this document therefore is to explain the two main types of scheme and to provide you with links to further information.
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