Over 55 later life lending to finance home & garden improvements

If you need a new kitchen, property maintenance or renovations to add value to your home, equity release could be the solution.

Home and garden improvements are one of the most popular reasons for over 55 equity release plans.

Our home is where we spend the majority of our time and is usually our most significant asset. In later life, the way in which we use our property can change, with new mobility requirements, renovation needs and household improvements becoming a necessity to live in comfort.

A later life lending plan, such as a Lifetime Mortgage, Home Reversion or Retirement Interest Only mortgage (RIO), can be used to give homeowners access to the equity in their property immediately if they don’t have access to other financial options. This can provide peace of mind for the future — as well as increase the value of a home at the point of sale.

Over 55 later life lending to finance home & garden improvements

If you need a new kitchen, property maintenance or renovations to add value to your home, equity release could be the solution.

Home and garden improvements are one of the most popular reasons for over 55 equity release plans.

How later life lending schemes can help

Over 55 equity release plans can be used to provide:

A new kitchen or bathroom
New windows and doors
A loft or garage conversion
An extension
Garden landscaping
Essential home renovations and maintenance

If you’d like to find out more about how our tax-free equity release plans can help to finance essential changes to your home or garden, book an initial, no-obligation consultation to speak to one of our specialist advisers today.

“We wanted an equity release mortgage to buy a new car and carry out some home improvements. We had already taken one out years before with 55Plus Equity Release so we had no hesitation in using them a second time. They are good at their job, honest and explain everything – and they got us a good rate! – so we knew we would be in safe hands.

We discussed the equity release mortgage with our children and had their approval. I’m 70 now and you never know what’s around the corner, so our view is that it’s nice to enjoy things while we can, and the equity release mortgage enables us to do that. We’re sitting on £600,000 of property that is all paid for, so it makes sense to release some of that value to make life easier and more enjoyable.

The whole process was really simple. Our adviser guided us through the process, explained it very well and made it very easy. They kept us updated all the time and kept other people on track to keep the process moving. I would definitely recommend them.”

Brian and Linda Alger

Successful over 55 equity release mortgage applicants

Over 55 later life lending to finance home & garden improvements

If you need a new kitchen, property maintenance or renovations to add value to your home, equity release could be the solution.

Over 55 later life lending to finance home & garden improvements

How later life lending schemes can help

Over 55 equity release plans can be used to provide:

Brian and Linda Alger

How much could you borrow?