Other Options

It is important to consider all the alternative options before moving forward with any form of equity release. 

Are you entitled to any benefits you are not currently claiming?

Many people do not claim all the allowances and credits they are entitled to. Your local Citizens Advice Centre will be able to help you check your benefit entitlement. 

Using you existing savings

Is equity release really necessary? If you have existing savings look to make the most of them through correct investment or use them to fund any planned expenditure. 

Selling and Downsizing

Provided you are happy to do so, it is often cheaper over the long term to sell your house and downsize than take an equity release product. 

Letting out your Home

If you have a large property, you may wish to let your home and use the money you receive to rent a smaller property. 

Drawing Pensions

Do you have any existing pensions you have not yet started to draw an income from? 

Assistance from Family

If you have close relatives or children, are they prepared to offer financial assistance?

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