Reverse mortgages

Equity release is about allowing you to release some of the value of a major asset to help you pay for your retirement or for a major expense.

There are ways you can access money tied up in your home without giving up on home ownership. You can:

As with most major purchases, it isn't a good idea to take the first deal you find when it comes to equity release products. Shop around. As well as looking at the cost, you should:

Even though the idea is to free money up to use, there can also be high costs involved with equity release products.

You might think that borrowing money on your home goes against everything you've done during your working life.

Equity release is a general term that covers different ways of getting cash or benefits from a property you own. The most common options available include:

If you own a house or other real estate, but you don’t want so much money tied up in it, you might consider equity release.

Alongside the more popular lending types there are also some special types of lending for people in different situations and stages of life.