What is Equity

talk about the state pension deficit and the growing concern that people will have to work longer in order to survive, could equity release scheme to help owners enjoy the golden years, right?

equity release schemes have the potential to unlock tax-free lump sum of assets to be spent on what they need the money for.

In the recent recession, homeowners are considering this option to help them enjoy their retirement. However, other options include using capital to buy a single luxury, helping kids out (especially getting them onto the property ladder) and go on vacation.

So how can it help equity release home to retire early?

People are worried about how to make ends meet

Of course, it will not be an option available to everyone, but with greater weight being placed on achieving the right work / relaxation balance in modern times, using the equity in the home can help many people. Terri Bodell, stress doctor who works in the life skill development emphasized the need for people to separate work and relaxation.

She said. "Everyone was pretty strapped for cash are still worried about how to make ends meet, how to pay your bills and mortgage

"There is not much spare cash around. As a result, operational issues and the fact that we are still not completely out of the recession, there is still concern about redundancy ."

taking advantage of equity release schemes and unlock the lump sum value of the house, some people can achieve balance.

to improve the quality of life

the money released through equity release schemes could help to supplement any pension, giving people more freedom to start relaxing. In some cases it can tempt people to consider taking early retirement from work, or maybe just strip back the amount of time spent working.

the additional stress that comes with working extra hours, something that many people face, can have a major impact on quality of life.
So while it may not be suitable for everyone, those with good enough retirement might consider releasing equity in order to enjoy early retirement, or certainly reduce the amount of time spent at work.

• equity release could affect current or future right to the means-tested
• The release of capital to spend in your life can reduce the amount that remained in the property when you pass away