How Much Does Equity Release Cost and Is Equity Release Tax Free

Equity release is a financial mechanism that allows homeowners, typically aged 55 or over, to access the equity tied up in their property without the need to sell it. This can provide a lump sum or regular income, and is primarily aimed at retirees looking to supplement their pension or manage financial commitments in later life. The decision to opt for equity release should be made with careful consideration, as it affects the value of one's estate and potential inheritance.