View source for Age Partnership Launches Equity Release Switching Service

If you are 55 or over, you can take out an equity release loan which lets you access the value locked up in your home. The good news is that well over 150,000 people have released equity since March 2020 2 , and the increase in popularity has provided vital insight into the companies you can trust, the companies you should avoid, and the companies that really stand out.<br><br>Since most equity releases are signed up by senior citizens, there's always that chance that they may be doing it for that struggling child, who may be in deep financial stress, or they may just want to help with one of the major loans people are usually stuck with; i.e. student debt, the large sum of cash provided by the Equity, may go a long way especially in these situations.<br><br>To release equity from your home, you need to speak to a qualified adviser Taking out financial products such as [https://public.sitejot.com/bhtsjkx634.html what is the maximum amount you can borrow on a home equity loan] is a big decision that could have meaningful repercussions, such as what kind of inheritance you leave behind Equity release payments could impact your tax obligations and your entitlement to certain benefits.<br><br>The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where and in what order products appear, except where prohibited by law for our mortgage, home equity and other home lending products.