Should you use equity release to pay off your mortgage? 

Should you use equity release to pay off your mortgage? Are your repayments stopping you from saving more for retirement?

Using the equity in the property can secure a comfortable retirement. You are essentially taking value from your house to pay off the mortgage. And if you plan on staying in the house for a while longer. Or house prices have gone up a lot since you brought. The house sale will cover the equity loan only after you pass away or move into care.

Imagine the possibility of retiring early or working fewer hours. All while keeping your beloved home. Equity release could make this dream a reality.

Your mortgage must be repaid in full as part of the process. But once this is completed. You may be able to release more to ensure you get the most out of your retirement.

Rest assured, we’re here to guide you. We’ll walk you through all the advantages and potential drawbacks of equity release. Ensuring you make an informed decision.

Some elements to consider. Generally, you must be over 55 years old to secure equity release. Taking out equity is a loan against your home’s value. Because of this it may affect your inheritance. It’s important to weigh all the options and chat with your family.

You can only receive equity release through a provider. We are obligated to give advice you can trust. We look across the whole market to find the perfect product for you. Contact us today for more information.

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