Using equity release to fund your care
We all hope to be able to remain in our homes for as long as possible but many older people find it difficult to continue living independently without support. If you are reluctant to move into residential care but do not have sufficient savings to fund adequate care at home then releasing equity from your property could be a good option for you.
Equity release allows you to free money that is tied up in your property. Anyone can apply for equity release as long as you are 55 or over and own their own home. For homeowners, who have little savings, it can be an effective form of borrowing as it allows you to release money while continuing to live in your own home. In most cases no repayment is due until after the property is sold and you can even protect a portion of the value to leave to loved ones. For your peace of mind, providers also offer a no negative equity.
In addition to paying for in-home care, equity release can also be used to pay for modifications to your home to make it suitable for your changing needs. Many people find climbing stairs difficult as they get older so you may wish to install a stair-lift. You could also benefit from handrails around your home, a walk-in shower or an en suite bathroom.
If you are suffering from a medical condition where treatment is not available through the NHS or waiting lists are very long you could also consider using equity release to fund private medical treatment.
To speak to an advisor, and find out more about how equity release could help you receive care and treatment in your later years while remaining in your home, call 0207 158 0881.
For your benefit and protection we are fully regulated by the Financial Conduct Authority.
Equity Release Calculator
Our equity release calculator is FREE and easy to use. Simply complete the form below.
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Most plans allow you to:
- Maintain 100% home ownership
- Unlock a tax-free lump sum of money
- Continue to live in your own home
- Make no monthly repayments
Why use our calculator?
- No time wasting – what you see is what you get. Our calculator is a one step process
- Instant results – the results of your calculation will be displayed as soon as you complete our one step process. We’ll even email you a copy
- Expert assistance – our equity release advisers are ready to answer any of your queries
- No pressure – at Money Release there’s never any pressure to proceed and no-obligation to commit to anything!
Money Release Limited is registered in England No. 09332792. Registered office: Harwood House, 43 Harwood Road, London, SW6 4QP.
Money Release Limited is authorised and regulated by the Financial Conduct Authority. FCA registered number 679004.
Equity release is not right for everyone and may involve a lifetime mortgage or home reversion plan. To understand the features and risks ask for a personalised illustration.
The content of this website is provided for information purposes only. Nothing within this website should be construed as investment advice and should not be relied upon.
The information contained within this website was obtained from sources believed to be reliable but no guarantee is given to its accuracy and completeness. Money Release Limited is under no obligation to update, modify or amend the information and it does not accept any liability for any loss or damage, however caused, arising from any errors, omissions, or reliance on any information or views contained in this website.