Would you like to know how to turn £30,000 into £250,000 in one easy step? I can show you how.
Simply sign on the dotted line, receive a lump sum and sit back while the balance grows.
You’re wondering what the catch is. Ok, I’ll tell you. This isn’t a savings account or investment – it’s debt. And at some point in the future, either you or your loved ones will need to find a way to repay every single penny.
Done properly, equity release can be a vital financial tool to help people manage their money through retirement. Done badly, it can snowball into untold amounts of debt and wreak havoc on people’s lives.
Equity release, sometimes called a lifetime mortgage, is a sort of reverse mortgage where you borrow money against your home. The lender gives you a lump sum to use however you like and usually, no repayments are needed.
