An equity release is when you use the value of your home to receive a chunk of money. This can come in the form of a one off cash payment, or in regular, monthly instalments. Your age is the main factor that is used to determine what percentage of the value of your home can be released. Generally, the older you are, the higher percentage of the value of your home can be released. There is no maximum age limit for an equity release; however, you generally need to be over the age of sixty years old.
This area of the market is often somewhat of a minefield so great care should always be taken before deciding on an equity release scheme. We are acutely aware of the thought that has to go into this type of scheme and we make it our absolute priority here at Leapfrog Finance to guide you in coming to a decision, whether it is to get involved with an equity release plan or to alternatively explore another route.
If you would like further details please do not hesitate to contact us on 0800 612 7729 or fill in a few details on enquiry form and have one of the Leapfrog Finance Advisors call you back, alternatively, email us at Enquiry@leapfrogfinance.co.uk