If you’re looking to boost your income in retirement, then you might have considered equity release. After all the latest figures from the Equity Release Council (ERC) show it’s popularity is soaring.
Equity release helps you unlock cash from your home when you’re in retirement without having to sell it and move to another home. You can either borrow against the value of your home or sell all or part of it in exchange for a lump sum or a regular monthly income.
There are a wide range of options and you have to meet certain conditions to be eligible which is why talking to our equity release specialist will help you consider how you can use your housing equity in retirement and make a big difference to your quality of life.
Equity release won't be for everyone. Our equity release adviser will explain the things you need to think about such as how it might affect your family’s inheritance, your tax position and any benefits you receive.
All equity release schemes offered by us meet the ERC’s standards , the industry body for the equity release sector. The ERC represents providers, lawyers, surveyors, and qualified financial advisers and intermediaries like Odyssey Wealth Management, who are active in the equity release sector. As well as setting standards, the ERC is committed to putting in place safeguards to protect and reassure you, the consumer.
Boost your retirement income
To find out how much equity you could release fill in the form below to arrange a free no-obligation initial consultation with our equity release specialist.
This may involve a lifetime mortgage or home reversion scheme. To understand the features and risks ask for a personalised illustration.
There maybe a fee for equity release advice. The precise amount will depend on your circumstances but we estimate it would be £800