Equity release plans are available to most homeowners aged 55-95 who have either paid off their mortgage altogether or have only a small amount left to pay.
Retired couple
They can supplement your income if you find yourself like a growing number of people, 'asset rich but cash poor'. An equity release plan allows you to turn some of the value of your home into a tax-free cash sum or an income for life.
›› Read more about equity release.
Read more: http://www.thisismoney.co.uk/equity-release-mortgages-and-homes#ixzz1AlfaaFrR
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