Alternatives to Equity Release

Members of the
Equity Release Council

Alternatives to Equity Release checklist

Every customer should be aware of several alternatives to Equity Release. There could be other options available that could mean that Equity Release is not the right decision for you.

These include:

  • It sounds like a simple alternative, but you could consider moving to a cheaper property and releasing cash that way
  • Releasing funds from elsewhere. If you have Savings or Investments, is there an opportunity for these to be used instead?
  • Asking family for a loan. This could be repaid monthly or upon your death.
  • Checking if you are eligible for a local authority loan, or benefits that you didn't know about. As part of our process, we will check your eligibility for benefits
  • Take in a lodger. This could provide valuable additional monthly income.

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