Common uses for equity release

Clients can spend their money for any legal purpose that they wish and this list is not exhaustive by any means.  However, the most common uses are : 

Debt consolidation by repaying either secured or unsecured debt such as mortgages, credit cards and loans.

Supplementing retirement income by using draw-down facilities

To provide emergency funds

Buying a second property or a holiday home

Providing financial support to children and grandchildren for such matters as clearing debt or paying school/university fees

Helping children and grandchildren on to the housing ladder

Funding for care in your own home or providing domestic assistance such as cleaner or gardener

Provide money for essential home improvements

Purchasing a new car or funding holidays

Inheritance tax planning

Maintaining or improving a good standard of living in retirement therefore providing sound peace of mind