Equity Release For Home Improvements
Everyday monthly expenses often mean there is no spare cash to make improvements to your home.
If your property is worth at least £70,000, then a percentage of the equity could be used for renovations which may add value to your house.
Equity release may work for you by:
- Releasing cash to renovate a family home
- Offering a choice of a tax-free cash lump sum or a smaller lump sum followed by a draw down facility
- Allowing you to stay in your family home
- Reducing or even removing the need to make monthly repayments, as the loan is paid off when the property is sold
A lifetime mortgage is chosen by many of our customers to raise capital for home and garden improvements. Like a traditional mortgage it is secured against your property but if you choose interest roll-up there are no monthly repayments. Instead, the loan is repaid when the property is sold.
If you think equity release might help give your home some much-needed TLC, contact us to discuss further.
Equity release will reduce the value of your estate. Always think carefully before securing a loan against your property.
We are authorised and regulated by the Financial Conduct Authority.
See how much cash you could release by using our calculator.
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If you would like to know more about equity release then please get in touch.