Here, we debunk equity release myths and explain the role equity release can play in boosting your finances
Although equity release has soared in popularity in recent years, many people still have misconceptions around how it works. These equity release myths often mean that people overlook the benefits of a lifetime mortgage.
A lifetime mortgage, the UK’s most popular type of equity release scheme, enables you to access a portion of your home’s wealth as a tax-free lump sum. This sum, plus the interest accrued, need only be repaid upon your death or when you move into long-term care and your property is sold