2 Ditch the DIY: Equity Release Funds Home Improvements By The Bower Team / In Home Improvement The UK is a DIY mad country, with men and women of all ages more than willing to have a go at home improvements: whether qualified to do so or not. However, it is estimated that correcting DIY mistakes costs UK citizens hundreds of millions of pounds every year. Improvements around the home are obviously welcome, but with the time and energy — and money — needed to do them properly and put right the errors that so frequently occur, it seems the best course of action is to call in the professionals from the start. But how can home improvements be funded if the homeowners in question are living on a pension? Releasing Cash to Improve the Home — the Professional Way Many who own their own homes have over the years built up value within them thanks to increasing house prices. And it’s this value that can be released as tax free cash and used to pay for home improvements. A new kitchen; a bathroom refurbishment; a home extension; a conservatory; replacement windows and doors; a convenient downstairs cloakroom; bespoke fitted furniture or even a garden makeover: all of these home improvements can be funded by a lifetime mortgage or a home reversion plan. Why do it yourself when you could use some of the cash locked into your property to call in the professionals? Speak to a specialist equity release adviser about whether you are eligible and if so, the options available to you. Equity release may involve a lifetime mortgage or home reversion plan. To understand the features and risks, please ask for a personalised illustration. Bower is an FCA regulated independent financial advice company that offers specialist advice on equity release throughout the UK. For more information email [email protected] or call 0800 4118668.