Raising a large sum of money for a prospective business opportunity or investment is often a daunting and challenging task. Why not leverage your home to get your new venture underway?
For most of us, our home will often be our largest single investment. With that in mind, it’s an asset that can be used to further fund projects and investments you’re looking to pursue. If you’re over 55 and own your own home you may be eligible for Equity Release.
By leveraging the value of your home you can potentially gain access to a large lump sum of capital. Typically the older you are the more you can borrow however there are exceptions to this rule. In most instances a “no negative equity guarantee” will apply, meaning that even if your house should decrease in value, your estate will not be required to repay any additional debt after your death.
To find out if Equity Release could work for you please get in touch, our expert advisors will be happy to advise you on your best course of action.