Is Now the Right Time to Consider Equity Release?

At SLG Financial Solutions, we know that for many homeowners, their property is their biggest asset. An equity release mortgage offers a cost-effective way to access the value locked in your home, without the stress and expense of moving: no estate agent fees, no solicitors' costs for a sale, and no stamp duty. Instead, you stay where you feel most comfortable, while making your money work for you.

But is now a good time to unlock that value? And just how safe is equity release in today’s market?

Let's explore the latest updates – and clear up a few common myths along the way.

Why Equity Release Is Growing in Popularity

More and more homeowners over 55 are turning to equity release to boost their finances. Some of the reasons for releasing equity include:

• Paying off existing mortgages or debts

• Making home improvements

• Gifting to family members

• Enjoying holidays or lifestyle upgrades

• Supplementing retirement income

With the cost of living rising, it's no surprise that many people are choosing to unlock the value built up in their homes rather than downsize. It offers a flexible, manageable way to maintain your quality of life, without the upheaval of moving.

How Equity Release Works – and Why It’s a Safe Option

In the past, equity release had a mixed reputation. But times have changed. Equity release mortgage providers are fully regulated by the Financial Conduct Authority (FCA) and adhere to strict rules set by the Equity Release Council. That means:

No negative equity guarantee - you’ll never owe more than the value of your home
Fixed or capped interest rates so your costs are predictable
The right to remain in your home for life without fear of eviction

The key? Choosing the best equity release deal from a reputable provider. That's where we come in.

A Smart Financial Move – Especially in a Rising Market

One of the big advantages of an equity release mortgage is that if your property continues to rise in value, so does your retained equity. In other words, you're not handing over your entire home – you're simply borrowing against it.

This is why it’s so important to lock in the lowest interest rate possible. Unlike a traditional mortgage, where you might remortgage every few years, the rate you agree at the start with an equity release loan is fixed for life. That’s why it’s crucial to work with experts like SLG Financial Solutions, who can help you access market-leading rates and avoid costly mistakes.

Busting the Myths About Equity Release

There’s a lot of outdated information out there. Some of the most common equity release myths:

• Myth: You'll lose ownership of your home
  Truth: You stay the legal owner until you pass away or move into long-term care.
  
  

• Myth: Equity release is risky or unregulated
  Truth: Today's plans are tightly regulated by the FCA and must meet Equity Release Council standards.
  
  

• Myth: It will wipe out your children’s inheritance
  Truth: Many plans allow you to protect a portion of your home’s value to leave behind.
  
  

Choosing the Right Equity Release Plan

At SLG Financial Solutions, we don’t believe in “one size fits all”. Our advice is tailored to your needs, your family, and your future plans. We compare the whole market, ensuring you get access to the best possible rates, and we explain everything clearly, without the jargon.

We’ll also ensure you understand all your options, including alternatives to equity release, so you can make a fully informed decision.

Ready to Find Out More?

If you're thinking about unlocking the value in your home, it's essential to get advice you can trust.

Contact SLG Financial Solutions today for a free, no-obligation consultation.
Call us on 01273749641 or Email stephen@slgfinancialsolutions.co.uk

Let’s help you make your retirement everything you want it to be while staying safe, secure, and financially comfortable.