Equity Release can be a great way for the over 55s to release some of the value of their property – either as a lump sum or as a regular payment – but you need to be going into it with your eyes open.
Many people think of Equity Release as simply the process of 'selling' part of your home while still being able to live in it, but with people living longer and longer these days Equity Release is also an increasingly common part of many mortgage products aimed at more senior borrowers.
These lifetime mortgages are loans secured on residential homes which do not need to be repaid until the borrower dies or goes into long-term care. If you’re mortgaging or remortgaging in later life this could be the only way you can do it, and Rosemount MS are Glasgow’s dedicated experts in helping you through the process.
