Equity release.

Equity Release schemes are a useful financial vehicle for people aged 55 and over who are equity rich and cash poor.

They are a means of releasing equity from your home and then using the cash for financial planning. The released cash can be put to good use:

• generating extra income
• inheritance tax planning
• treating yourself to home improvements
• enjoying a holiday
• or buying a new car
  

With over 40 products in the marketplace, it is imperative that you receive Independent Financial Advice when deciding if this is the right action to take. You and your family need to understand the impact completing an Equity Release scheme would have on their inheritance. It should involve the whole family.

Buy to let properties are also an option for Equity Release.