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Equity release for financial security and peace of mind
Article Submitted by: Andrew Broatch

Monday, 20 April 2009

Releasing equity in your property can help you to achieve financial security and peace of mind during your retirement years. These years are supposed to be a time of enjoyment; a time to do all those things for which you were unable to find the time whilst you were working to pay the bills or raising the family.

But for all too many people, the pensions into which they've paid throughout their adult lives are not sufficient to allow for many luxuries. That's where equity release could help.

Drawdown lifetime mortgage equity release plan

The majority of homeowners have seen their property values rise by tens of thousands of pounds over recent years. By releasing some of this equity, you can benefit from the security of having a fund from which you can withdraw on a rainy day.

A drawdown lifetime mortgage could be particularly useful for this purpose, as you only accrue interest on the funds that you have withdrawn to use - the remainder simply remains in a fund, for you to take only if and when you need it.

Lifetime Mortgages

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