Use Your Property Value to Fund Your Home Improvements
Figures show that as a homeowner you have been paying in to a wise investment, your property. House prices have increased by 537% in the last 30 years according to the Nationwide House Price Index.
Now, you can take advantage of this growing equity by accessing it safely and flexibly using government regulated Lifetime Mortgages.
The money you withdraw from your property is tax-free and can be spent as you wish with no monthly repayments to make, unless you choose so.
Releasing Your Equity
You may decide that you want to make some value-adding home improvements such as an extension, attic conversion, or landscaping the garden. Perhaps a new kitchen or a money-saving green-energy conversion such as solar panels or a new boiler?
How Does it Work?
With a Lifetime Mortgage, UK homeowners aged 55+ are able to withdraw a percentage of their property value from their home.
You remain the full owner of your property, you’ve just borrowed against it and with the choice of making repayments or not during your lifetime, you retain control over your finances.
To find out how much could be available to you, simply use the calculator below. You will get a range of results from different plans including the latest interest rates. You will be sent a free 12 page guide to equity release as well.