Why Releasing Equity Could Help You

If you are over the age of 55 and you are looking for a way to raise some money, then something that could allow you to do this is equity release. If you are a homeowner, and you are looking to get money that is tax free, then equity release is a good way to do it.

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There are many reasons why people choose to release equity. For many, it is a great way to help their children to get onto the property ladder. With the cost-of-living crisis, and difficult times financially, many younger people are finding it very difficult to save enough money to be able to put down as a deposit on a property, and equity release allows parents to give their children a start onto the property ladder.

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You can also claim the money in one go, or in stages, so it is up to you how you do it depending on what you are using it for. It is also a good idea to speak to a professional before you go ahead, such as this equity release solicitor https://www.tivoli.legal/

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Other reasons that you might choose to release equity include being able to splash out on a dream holiday when you retire, make changes to your home that allow you to stay there as you get older, such as installing more accessible bathrooms, and so that you can have a little extra money to make life more comfortable when you retire.