Spring forward, Stress less: Using property wealth to boost your retirement.

As spring arrives and brings with it a fresh sense of renewal, it’s a great time to reassess your finances—especially if you're approaching or enjoying retirement. For many homeowners, their property is their most valuable asset.  If you're feeling the pinch from rising living costs or simply want to enjoy a more comfortable lifestyle, equity release could be the solution that allows you to "spring forward" and stress less.

What is Equity Release?

Equity release allows homeowners aged 55 and over to unlock some of the money tied up in their property, without the need to sell or move out. It’s often used to supplement pension income, pay off existing debts, or fund later-life goals like home improvements, travel, or helping children onto the property ladder.

There are two main types of equity release products:

•    Lifetime Mortgages: The most popular option, where you borrow against the value of your home and the loan (plus interest) is repaid when you die or move into long-term care.

•    Home Reversion Plans*: You sell part or all your home to a provider in exchange for a lump sum or regular payments, while retaining the right to live there rent-free.

Why consider equity release now?

Tackle the cost-of-living squeeze - Inflation, energy prices, and food bills continue to put pressure on retirement budgets. Equity release offers a tax-free cash injection that can help you maintain your standard of living without dipping into savings or investments.

Access wealth without moving - Your home is more than just bricks and mortar, it holds emotional value. Equity release allows you to access its financial value while staying in the place you love.

Flexible options to suit your needs - Modern equity release products are far more flexible than they used to be. You can choose lump sums or regular payments, make regular repayments to reduce interest, and even ring-fence a portion of your property’s value as an inheritance for loved ones.

Enjoy life more - Use the funds to tick off your bucket list, make your home more comfortable for later life, or simply gain peace of mind knowing your finances are in better shape.

What to consider before releasing equity

Equity release isn't the right choice for everyone, and it's important to understand the long-term implications:

•    It will reduce the value of your estate and the inheritance you leave behind.
•    There may be better alternatives, such as downsizing or using other savings.
•    The earlier you take out a plan, the more interest can accrue over time (unless you're making repayments).
•    Benefits you receive could be affected.

That’s why it’s essential to get independent, regulated financial advice tailored to your circumstances.

How we can help you

At Dentons Mortgages, we’re here to guide you through every step of the process. As qualified mortgage and equity release advisers, we’ll help you explore all your options, explain the pros and cons in plain English, and ensure any decision is in your best interest.

Ready to spring forward with confidence?

A no-obligation conversation could open the door to a more comfortable and enjoyable retirement. Whether you’re curious about equity release or ready to take the next step, get in touch with our friendly team today.

*Dentons Mortgages do not advise on Home Reversion Plans

Although every effort has been made to ensure that the information provided in this article is accurate and correct, the information provided does not constitute any form of financial advice. We recommend that you take financial advice before making any financial decisions.