Lending into retirement has become increasingly popular over the past few years. For many, releasing equity from property is a natural choice to unlock the wealth held in their largest asset.
There are many good reasons to choose equity release. Funds can be used to support retirement plans, be it extra income, home improvements, a special holiday or to provide early inheritance. Also, did you know equity release can be used to purchase a property?
Major social and economic trends account for the increasing popularity of equity release, for example, we are living longer than ever before. This means more years to enjoy life but also a far longer retirement to fund than previously thought. Increasing choice and market versatility are making equity release a popular financial solution. With options now available to make interest or capital repayments the equity release market is evolving to meet a range of financial needs before, at, and during retirement.
SFIA are proud to be members of The Equity Release Council, the industry body, who work to ensure a safe equity release market for consumers. They set rigorous standards, offering advice and support to improve awareness of equity release and its potential to help solve financial challenges facing people aged over 55 across the UK.
There is a wealth of opportunity tied up in property, so why not unlock this potential. SFIA are specialists in Equity Release and we can show you various ways to free up your cash as a lump sum or a drawdown income which can complement your current retirement plans.
Any sum you release is tax free, under current legislation, so it’s all your money and it’s entirely up to you what you do with it.
Put yourself in the picture by asking us for a personal Equity Release illustration.