Later Life Mortgages (Equity Release) – allow older people, who otherwise would not be able to release equity – cash – from their homes, generally by way of a mortgage/remortgage, for whatever reason, to do so. Many (but by no means all) reasons for releasing cash from your property are listed below. The Equity Release market is growing massively as people realise that they may as well be enjoying the growth on the value of their properties, rather than leave all the equity tied up until the last partner passes away especially if they have no close relatives to leave it to – even if they do have relatives people are deciding more and more to enjoy the fruits of their labour – while they can.
