Equity Release can be used for various things such as clear interest only mortgages, raising capital for your children to help fund house deposits or supplement your income during retirement. It is important to know Equity Release will reduce the value of your estate and could affect any benefits you are eligible for. All cash that you release is tax-free, making it a suitable choice as you keep all the money from your provider. There are two types of equity plans which are lifetime mortgages and home reversions. Just like any mortgage, this is a loan against your home, so it is important for us to review your circumstances and see if there is any possible alternatives. If Equity Release is the right option, we will provide a recommendation of the type that best suits your needs.