The equity of your property means the value of your home, less any mortgage you may have on it. Equity release is a way of releasing some of the value of your home and converting it into cash without having to sell it or move out. Equity release can be the right option for some people who are asset rich but need extra finances to boost spending power.

Some of the reasons for equity release include:-

• Paying off a mortgage or loans and credit.
• Taking early retirement.
• Home improvements or, for example, buying a new car.
• Holidays or even a holiday home.
• Helping your children.
• Reducing Inheritance Tax.
• Medical treatment.
• Financing a wedding.

Equity release is a very specialist area of law which is closely connected to our department dealing with long term care. We have experienced professionals in equity release and members of the Association of Solicitors for the elderly who can advise you on this complicated area of law and provide specialist advice on later life choices.

Call 01792 773 773 or tell us how we can help you here.