What is equity release? In short equity release allows you to remain living in your home while obtaining a lump sum from the value of your property. The equity that you release from your home will be repaid once you die.
Available for people aged 55 and over, equity release mortgages have a fixed rate of interest which accumulates on a yearly basis.
Equity release can be used for anything you choose; some of the most common uses are retirement income, home improvements or a dream holiday.
KDW Mortgages will help you to:
- Discuss your reasons for using equity release to ascertain if it is the most suitable borrowing option for you.
- Highlight any implications that this may have on inheritance tax.
- Source a suitable equity release mortgage.
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