What can equity release do for me?
Equity Release can help you in many ways. In retirement you could receive unexpected bills whilst being on a fixed income and this could leave you short of cash. Equity release could help you pay these bills and have some money left over. If you have family abroad and still haven't taken that trip of a lifetime then releasing equity from your home could pay for that.
Also as you may want to buy a new car to help you get around. It could be spent on essential home repairs say if you have to repair your roof or you could use it to supplment your general income over a long period and simply live more comfortably.
You can spend the money in any way that you want and it is also completely tax free.