{"id":8508,"date":"2020-07-13T03:51:40","date_gmt":"2020-07-13T03:51:40","guid":{"rendered":"http:\/\/www.fiveminutesspare.com\/legal\/?p=8508"},"modified":"2020-07-22T11:06:53","modified_gmt":"2020-07-22T11:06:53","slug":"four-practical-uses-for-equity-release","status":"publish","type":"post","link":"https:\/\/www.fiveminutesspare.com\/legal\/four-practical-uses-for-equity-release\/financial-services","title":{"rendered":"Four practical uses for equity release"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">In a previous article, we discussed <a href=\"http:\/\/www.fiveminutesspare.com\/legal\/equity-release-explained\/individuals\">what equity release is.<\/a> This short article highlights a few practical ways of using equity release to your advantage.\u00a0<\/span><\/p>\n<h3><strong><span data-preserver-spaces=\"true\">Getting ahead on an interest-only mortgage\u00a0<\/span><\/strong><\/h3>\n<p><span data-preserver-spaces=\"true\">If you\u2019re approaching retirement but don\u2019t have savings to cover the end of your interest-only mortgage, you may wish to use equity release to clear your debt. This means that you can release equity and avoid downsizing.\u00a0<\/span><\/p>\n<h3><strong><span data-preserver-spaces=\"true\">Protecting an inheritance for your loved ones\u00a0<\/span><\/strong><\/h3>\n<p><span data-preserver-spaces=\"true\">If you own your home but you\u2019re not eligible for a loan then equity release may be a practical way to relocate to spend more time with your family during your retirement. With the right advice, an advisor could help you protect a large percentage of the value of your future home.<\/span><\/p>\n<h3><strong><span data-preserver-spaces=\"true\">Helping family onto the property ladder<\/span><\/strong><\/h3>\n<p><span data-preserver-spaces=\"true\">You may wish to help a family member onto the property ladder. Accessing money tied up in your home is a good way to help put down a strong deposit on a property. Some equity release plans even come with an inheritance protection feature.<\/span><\/p>\n<h3><strong><span data-preserver-spaces=\"true\">Paying off your debts<\/span><\/strong><\/h3>\n<p><span data-preserver-spaces=\"true\">It can be easy to accrue debts and as you approach retirement you may be concerned about your ability to get by on your pension alone. Equity release could be used to pay off debts ahead of your retirement. It\u2019s always wise to speak to an adviser to find out what will work best for you.<\/span><\/p>\n<h3>Want to Speak to an Independent Financial Advisor?<\/h3>\n<p>Have a look at our <a href=\"https:\/\/www.fiveminutesspare.com\/businessdirectory\/business-directory-2\/wpbdp_tag\/equity-release\/\" target=\"_blank\" rel=\"noopener noreferrer\">Business Directory to find an Independent Financial Adviser<\/a> that can help with Equity Release.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a previous article, we discussed what equity release is. This short article highlights a few practical ways of using equity release to your advantage.\u00a0 Getting ahead on an interest-only mortgage\u00a0 If you\u2019re approaching retirement but don\u2019t have savings to cover the end of your interest-only mortgage, you may wish to use equity release to&#8230;<\/p>\n","protected":false},"author":186,"featured_media":8509,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[83],"tags":[96,111,110],"class_list":["post-8508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-services","tag-equity-release","tag-inheritance","tag-interest-only-mortgage"],"_links":{"self":[{"href":"https:\/\/www.fiveminutesspare.com\/legal\/wp-json\/wp\/v2\/posts\/8508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fiveminutesspare.com\/legal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fiveminutesspare.com\/legal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/legal\/wp-json\/wp\/v2\/users\/186"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/legal\/wp-json\/wp\/v2\/comments?post=8508"}],"version-history":[{"count":10,"href":"https:\/\/www.fiveminutesspare.com\/legal\/wp-json\/wp\/v2\/posts\/8508\/revisions"}],"predecessor-version":[{"id":10015,"href":"https:\/\/www.fiveminutesspare.com\/legal\/wp-json\/wp\/v2\/posts\/8508\/revisions\/10015"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/legal\/wp-json\/wp\/v2\/media\/8509"}],"wp:attachment":[{"href":"https:\/\/www.fiveminutesspare.com\/legal\/wp-json\/wp\/v2\/media?parent=8508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/legal\/wp-json\/wp\/v2\/categories?post=8508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/legal\/wp-json\/wp\/v2\/tags?post=8508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}