Why should I consider Equity Release?

ERIC can help you improve
your quality of life

More people than ever are now considering equity release because of factors including: cut-backs in state pensions, inadequate private and company pensions, longer life expectancy and improved equity release regulations. For many people though, they just want to improve their quality of life. 

The most popular reasons for taking out equity release plans in recent years include:

• Home improvements (new conservatories, central heating, double glazing, repairs, garden improvements)
• Clear debts (credit cards, loans, mortgages, reduce outgoings)
• Holidays, cruises and short breaks
• New cars, caravans, holiday homes
• Family treats (grandchildren’s school fees, gifts)
• Improve retirement or enable early retirement
• Private medical care or mobility items (scooters, stair lifts)
• Visit family or friends overseas
• Help children onto the property ladder or to reduce their mortgage
• Reduce liability to inheritance tax