Living your retirement with equity release

Turn the value of your house into a healthy bank account with equity release.

Working hard for most of your life can leave you feeling eager for some freedom and excitement in your retirement, but reliance on a pension that’s a major drop from your working salary can be a sudden shock.

All those things you planned to do as soon as you retired can look out of reach, so much so that gardening or sitting around watching TV threaten to be the only viable options. Where did all the money go that you worked so hard to make? Ah yes – you’re living in it.

Untying your money from your house

Twenty-five years or so of paying your mortgage means you have a lovely home that has kept your family safe while they grew, but they’re all flown with families of their own and you’re left with this huge investment filled with memories and love, but no cash!

One way to turn it back into useful readies is to downsize. Sell your lovely family home and settle for a small two-bed flat somewhere close to the shops or within walking distance of a beach somewhere, but should you have to do that just to get the money that is yours anyway?

Should you have to leave your familiar surroundings and that warm glow of nostalgia? What about the lovely feeling you get when your grandchildren sleep in the rooms that used to be their parents? Selling your house will get you money but losing your home won’t necessarily get you any joy.

Thankfully, equity release lifetime mortgages exist to turn that solid investment back into a fluid bank account. You can go on those spectacular holidays you always dreamed of, or simply enjoy the rest of your days without worrying that the meagre weekly stipend of your pension is going to run short of covering the heating bill.

Equity release – a happy alternative to downsizing

With a lifetime mortgage or home reversion plan you effectively sell part of your house with the agreement that it’s only claimed for once you die. It’s like a loan you are never going to have to worry about paying back! And because everyone still wants to leave something for your family, you can even protect a percentage of the house from being touched, ‘ring fencing’ some of the value to be put aside for your loved ones.

But why wait for your death before those funds can be enjoyed? Take the grandchildren to see polar bears in Alaska, help your youngest with that car she’s so desperate for, give your niece the few thousand pounds she really needs to kickstart her enterprise, or just make sure you’ve got enough in the bank for delicious cake and a little pampering every time you pop into town. It’s your money – you can spend it any way you want.

Do it all while keeping your home intact. No one is going to try to push you out early or insist that you use some of the money to pay them back after a few years. It’s a watertight agreement backed by the standards of the Equity Release Council. Government approved and properly regulated.

Learn about equity release with Your Funding Expert

Pick up the phone and give us a call here at Your Funding Expert. We love to chat, and our professional experts are passionate about equity release and enabling you to really live your life throughout your retirement.

We can answer every question you have, from the ins and outs of lifetime mortgage interest rates to the dreaded small print and making sure you feel safe before going forward. It’s a no-obligation talk with free advice from the best specialists in the market, so what are you waiting for?

Call today or fill out our contact form for more information!

Equity release

FCA disclaimer

*Based on our research, the content contained in this article is accurate as of the most recent time of writing. Lender criteria and policies change regularly so speak to one of the advisors we work with to confirm the most accurate up to date information. The information on the site is not tailored advice to each individual reader, and as such does not constitute financial advice. All advisors working with us are fully qualified to provide mortgage advice and work only for firms who are authorised and regulated by the Financial Conduct Authority. They will offer any advice specific to you and your needs.

Some types of buy to let mortgages are not regulated by the FCA. Think carefully before securing other debts against your home. As a mortgage is secured against your home, it may be repossessed if you do not keep up with repayments on your mortgage. Equity released from your home will also be secured against it.

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