Page 5 - The Equity Release Guide 2020

With over 300 products on the market there is a wide range of options available including many products that let you take money out of a pot as an when you need it, rather than in a lump sum. Taking the money in smaller chunks, rather than in one go, also reduces the amount of interest that is added to the loan each month.
Equity Release can be used as a gift for family, friends and loved ones in a ‘living inheritance’. Recipients of such ‘gifts’ may have to pay inheritance tax in the future. Instead of receiving it in their 60s or 70s when it’s “too late”, it could give them support at a time when it’s arguably more beneficial.