Equity release schemes offer homeowners aged 55+ a way to access cash tied up in their property without selling or downsizing. It’s a popular financial solution for those looking to supplement retirement income or fund home improvements without monthly repayments.
How Equity Release Works and Who It’s For
Through lifetime mortgages or home reversion plans, you receive a lump sum or regular payments using your property’s value. You retain homeownership, and repayment typically occurs when the property is sold—often after moving into care or passing away.