If you are looking to raise a lump sum or supplement your income, it could make sense to look at other assets or investments you might have as equity release alternatives. An independent financial adviser will be able to discuss your options.
It could also make sense to downsize to a less expensive property to release money tied up in your home - rather than letting an equity release company profit from your bricks-and-mortar investment.
The January/February 2012 issue of Your Mortgage is on sale now. In it we feature expert predictions on what will happen to house prices, interest rates and the wider economy in 2012. We also explain the latest State help for first-time buyers, weigh up the relative merits of offset mortgages, and offer handy hints and tips on making sure you have the right home insurance in place. Plus we have all the regular features and our invaluable mortgage basics section. Get your copy now for the latest news, information and help
