The amount of cash you can take from an Equity Release plan is very much dependant on age and the value of the property. It is likely that the value of your property has increased, especially if you have had you plan for five years or more. It is absolutely certain that you have got older so the amount available to you may well be bigger.
Different providers may have different amounts you can take, and these may well be different since you first took out your original plan.
Reviewing your Equity Release plan in order to improve your options or to raise more cash, perhaps to help a relative get on the property ladder, couldn’t be easier. Just click here to contact me.
To understand the features and risks of a Lifetime Mortgage, please ask for a peronalised illustration