75point3 - Equity Release

75point3.com Modern equity release advice If you’re a retired homeowner, your home probably represents a considerable portion of your wealth. For many people in later life, it can be useful or necessary to access some of this value either by selling and downsizing or by using an equity release plan if they don’t want to move. Modern equity release plans are products which let you access the equity (cash) tied up in your home, usually if you are over the age of 55. You can take the money you release as a lump sum, in several smaller amounts, as a regular income or as a combination. How you use the money released is up to you. Here’s some examples: Boost retirement income Help children or grandchildren Clear a mortgage or other liabilities