Equity Release Is a Viable Option for Quick Capital

Life changes quickly and you may suddenly find yourself in need of a cash lump sum. There are many reasons why you could need money quickly – you might have lost your regular income, you could need medical treatment that private hospitals can manage quicker, or you could have family that need your financial support.

Unlock a Cash Lump Sum With Equity Release

If you are in need of a lump sum of money urgently and you are aged 55 or over, equity release would allow you to unlock the equity tied up in your home. It takes up to 6 weeks for a lifetime mortgage application to be processed.

If you have financial investments that you want to leave alone, but you’re in urgent need of a cash lump sum, then equity release could unlock thousands of pounds tied up in your home as long as you are over 55 years old and your house is worth over £70,000.

Continue reading for the full details of how you can release cash from your home.

Looking for other information on Equity Release? This guide has info on 'Equity Release is perfect if you need a cash lump sum' We have also writen extensively about:

• - How to I start with Equity Release?
• - What are the alternatives to Equity Release?
• -Equity Release is perfect if you have retired recently
• - Equity Release is perfect if you need to help your family out financially

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Equity Release: Unlocking Cash From Your Home With No Immediate Repayments

Many people have money tied up in various investments. You could, for example, have a pension fund that you’ve worked hard to build up, or maybe you have shares in the company you work for or even a stock portfolio.

And you may have grand plans for this money long-term, which is why a sudden need for cash can cause a lot of stress. Suddenly your plans can be completely thrown askew, as you need to start thinking about which of your investments you have to sacrifice to generate the funds you need.

However, depending on your situation, equity release might be the most beneficial option. You could potentially unlock thousands of pounds from your home in a cash settlement either through a lifetime mortgage or home reversion, and you won’t need to pay anything back immediately.

Instead, repayment is made when you either die or move into full-time care, either through the sale of your home or from the remainder of your estate. This means you can access that large fund you need urgently, without the drawbacks of a regular mortgage or loan where you need to then make regular monthly payments that you possibly can’t afford.

If you feel that your stock portfolio has real potential to grow, or you don’t want to make withdrawals from your pension funds because you know you have an annuity option in mind that will be best for you and your partner, then equity release could be the alternative that lets you keep those investments secure.

If you decide to explore equity release as an option, you’ll still need to visit a financial adviser who will take you through the various paths open to you. So, they’ll be able to give you clear and honest feedback and guidance on whether it makes sense to choose equity release or whether you should instead look to cash in your other investments first.

How Can Money Savings Advice Help You With Releasing Equity?

Here at Money Savings Advice, we have partnered with some of the UK’s leading Equity Release brokers. They have already helped thousands of people get the best Equity Release deal and they can do the same for you.

Choosing an independent adviser means they won’t recommend a scheme unless they are sure it is in your best interests. Their advice is also regulated by the FCA, which gives you an additional layer of protection.

If you would like to speak to one of these brokers who can provide you with a ‘whole market quote’ then click on the below and answer the very simple questions.