Equity release

Definition: Plans which help older home owners to turn some of the value of their homes into cash

There are a number of financial products or 'plans' which help older home owners to turn some of the value of their homes into cash - a lump sum, regular extra income, or sometimes both. There are different names for this type of scheme, including Equity Release Plan, Capital Release Plan and Home Income Plan.

Visit EAC's new equity release mini-website, developed in partnership with and sponsored by Retirement Plus.

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