Fund home improvements with equity release

Over a quarter of over 55s who unlock the cash in their homes do so to make home improvements according to Age Partnership’s data from the first half of this year.

60% of people consider moving home to be a difficult task*, so it’s perhaps not surprising that homeowners are looking to invest in their current property instead. 

Whether you’re dreaming of a new kitchen for entertaining or need to make adaptions to suit your changing needs later in life, equity release could help you finance this.

The amount you can unlock depends on the value of your property and the age of the youngest homeowner, along with your needs, but you may be able to access between £10,000 and 53% of the value of your property.

How does equity release work?

If you’ve owned your home for a number of years, the value of your home may have increased.

This, coupled with the mortgage repayments you have already made, means you might have a sizeable amount of equity built up in your home.