Releasing equity
If you’re at retirement age and own a home, you could consider using equity release to access money that’s tied up in your house.
The amount of equity in your home is based on how much your home is worth and home much you owe on your mortgage.
How does equity release work?
Equity release is only available to people who are at retirement age. It involves releasing money that’s tied up in your house. The money can be released as a lump sum or you can set up access to a flexible borrowing facility.
The amount of money you’d be able to release will depend on your age and the value of your home. Sometimes your health will be taken into consideration as well.
For new retirement mortgages or interest only lifetime mortgages affordability will also be considered.
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McMoo Money – Your debt consolidated without a loan
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Tel: 0131 564 0728 | 0141 255 2126
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McMoo Money – Your debt consolidated without a loan
Copyright ©2019 McMoo Money All Rights Reserved
McMoo Money is a trading style of Funding Plus
Tel: 0141 255 2126
9-10 St Andrew Square, Edinburgh EH2 2HF