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Equity release

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Equity release is a way of raising money against the value of your home. Equity release is a complex subject and it is vital to take independent financial advice before signing up to a scheme of this kind.

Older homeowners may be able to release part of the value of their home as income or a lump sum. For some people this can be a useful way of freeing up extra money but there may be drawbacks. Any money released may affect your eligibility for means-tested benefits.

We strongly recommend that you take independent legal and financial advice before deciding to release equity from your home. Age Concern publishes a book‚ ‘Equity release made easy’‚ which explains all the questions you need to ask.

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Campaign

More money in your pocket

Age UK has launched the more money in your pocket campaign - to help us claim all the money we are owed. Last year‚ Age UK helped put more than £100 million in unclaimed benefits in the pockets of those of us in later life and our carers. Help us to do better this year.

See information relating to Scotland, Wales or Northern Ireland
Age UK Advice:
0800 169 6565
 

Useful information to download

  • A factsheet that provides more in-depth information about types of equity release schemes‚ such as lifetime mortgages.

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