Introduction to Equity Release
Why do people consider Equity Release?
You probably have other ideas – there is no restriction on how you use the funds.
However, since equity release can be an expensive way to raise money when taking into consideration payment of arrangement fees or interest, you should also consider the following:
Equity release has to fit with your needs, circumstances and preferences, where the benefits need to outweigh the drawbacks and be more suitable than alternative methods of raising funds.
Equity release will reduce the value of your estate and can affect your eligibility for means tested benefits.