When can capital be released?

The capital release allows homeowners 55 and older to free up tax-free money from the value of their home. The amount you can release depends on your age and the value of your home.

When can capital be released?

The capital release allows homeowners 55 and older to free up tax-free money from the value of their home. The amount you can release depends on your age and the value of your home. Depending on the capital release product you choose, you can claim your money as a large lump sum or as a series of smaller lump sums. A capital release mortgage involves a lender giving you cash in exchange for a portion of the proceeds from the sale of your property later on.

But unlike a traditional mortgage, which you pay within a certain period of time, a capital release loan is not settled until you leave your home. Capital release refers to a range of products that allow you to access capital (cash) immobilized in your home if it is older. You can accept the money you release as a lump sum or, in several smaller amounts, or as a combination of both. If your parents own their own home, releasing capital can be a way to raise capital without having to move home.

Equity Release provides a tax-free lump sum cash or the opportunity to use smaller amounts of money against the value of the property.

Claude Owen
Claude Owen

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