Put simply, equity release mortgage allows everyone to release some of the cash stored up in the property, home for instance, without the need of moving when they get the cash. How much will you get when releasing certain property? This depends on how much your property is worth and how long you are. How much money will you borrow? This becomes another consideration how much the lender will give you. The cash you discharge from your property is tax-exempt and you are able to use it on whatever you pick: for instance, clearing your home loan or Mastercards, gifting to your family, or upgrading your garden or home.
With equity release mortgage, you are able to release money from the property, as said more and more. Fortunately, you can continue to own it. When you ask if equity release regulated, the answer is yes. The financial conduct authority (FCA) authorizes the retirement advantage.