Equity release enables homeowners aged 55+ to unlock the tax-free money tied up in their home, but remain living in it, to free up extra funds to spend on what they want or need.
The amount of equity released is the difference between the property’s value and outstanding loans secured against the property, such as a mortgage.
By guiding homeowners through this process, AskERIC’s equity release advisers make it easy to enjoy retirement, setting you free from uncertainty to secure your future and live out your aspirations.
There are two different methods of equity release – home reversion and lifetime mortgage plans. Here at AskERIC, we focus mainly on lifetime mortgages.
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.
But many simply wish to improve their quality of life. It’s entirely up to you what you spend the money on and how you receive it. You might want a one-off lump-sum, or you might choose regular instalments.
To find out how much equity you could release from your home try our Equity Release Calculator.
Pick up the phone, calculate a quote online or request a brochure.
Speak to one of our expert advisers on the phone today.
Provide just a few simple bits of information, and receive an instant estimate of the amount you could unlock.
Access a comprehensive guide to AskERIC’s equity release process to read and consider at your leisure.