Are you considering accessing tax free cash from the equity built up in your property?

Equity Release is becoming incredibly popular in the UK with homeowners in the 55+ age bracket and it's hardly surprising...

Homeowners are releasing amounts of up to £100,000 from money previously locked up in their home.

With record amounts of tax free money being released, more and more homeowners are realising they can access their hard earned money to gain a new lease of life in retirement.

To find out how much cash you could release instantly, use our Free Equity Release Calculator.

People are using property wealth previously out of reach for things like:

• Early inheritance for family
• Holidays
• Home improvements
• Clearing debt to live more comfortably
• It's safe to say, Equity Release is a viable option for many homeowners to get money they cannot get elsewhere.

So if you are thinking of accessing some fast money, you are definitely not alone.

Provided you qualify, the process is smooth and funds will usually be deposited in your account within 4 weeks.

With that being said, it's important to do your due diligence.

This will ensure you can get access to your money, safely, on your terms.

So, here are the 3 most common mistakes homeowners make when releasing equity...

...and don't worry, we give full details here on how to avoid these mistakes and get the best product possible to suit your needs.

Common Mistake #1: Failing To Take Advantage Of The Equity Release Council

The Equity Release Council was founded in 1991.

It is a voluntary body which aims to ensure that its members offer the highest quality Equity Release advice to customers.

Members are held to high standards and vetted by the council meaning that you are getting honest ethical advice serving your best interests at all times.

By taking advice from an Equity Release Council member, you are getting the benefit of the guidelines and principles set out to protect you and ensure you get the best deal possible.

This means the fastest, smoothest equity release with the most money banked for you...

Anyone who is looking into Equity Release can benefit greatly from the information and advice available via Equity Release council members and it's completely free!

Taking advantage of this invaluable resource will save you both time and money.

Common Mistake #2: Not Getting The Correct Guarantee In Place.

When you seek out an Equity Release product, you should always opt for one with a "no negative equity" guarantee.

Why?

It keeps you safe, no matter what happens in the housing market.

For example, when you release a sum of money from your property, you do so with the knowledge that there are no re-payments.

But what happens if there is another housing market crash?

Similar to that of 2008 when we saw property value plummet?

Well, with a "no negative equity" guarantee, no matter what happens, no matter how much equity you release, you can never be in negative equity.

So even if the property market crashes and your property is worth virtually nothing, the bank takes the hit, not you!

This means that you can rest safe in the knowledge that you will never lose ownership of your home.

You will never have to move out due to releasing equity.

These days, most agreements come with this guarantee but it's VERY important to check this and factor this into your decision.

All members of the Equity Release Council recommend "no negative equity" agreements as standard.

This is another good reason to speak with one of their members.

If you are over 55, you could get started now with a reputable adviser and quickly access the money you need.

We can introduce you to an Equity Release Council approved adviser, start by using our free equity release calculator, to find out how much you can release...

Common Mistake #3: Listening to Social Media "Experts"

Social media is packed with armchair experts with very strong opinions.

These are the people who will dole out their unqualified advice, unsolicited.

They tell you in the most patronising way "Don't do Equity Release, Downsize instead".

As if you weren't smart enough to consider that as an option already...

Trouble is, these people really don't understand Equity Release as a product and more importantly they don't know YOUR SITUATION.

A more prudent plan is to ignore these know-it-all types and speak to a qualified, independent adviser who can give you all of the facts and figures pertinent to you.

They'll listen to you and explain how Equity Release will impact you now, tomorrow, next week, next year and so on!

The best bit is, they are legally bound to give you advice that best fits your situation.

Unlike the armchair "experts" advisers are not influenced by their own personal biases or motives.

The key takeaway here: This is about you and the goals you want to accomplish whether that's helping family, clearing debt, improving your beloved home or something entirely different...

Equity Release may or may not be the best vehicle for you to achieve your goals, but you won't know until you've spoken to an adviser who can outline all of your options.

The Simple Way To Get Equity Release - On Your Terms

The Guardian newspaper recently ran a story on Equity Release.

They reported that interest rates have reached an all time low.

This is great news and means that it's never been cheaper to access the wealth tied up in your property.

There has never been a better time for over 55s to receive a large, tax free lump sum of cash.

Interest rates on average are now at a record low of 5% with the lower cost products being as low as 3%.

Gone are the days when Equity Release was considered unreasonably expensive.

So, where can you get the most amount of money at the cheapest cost?

National Equity Release has access to a wide range of providers that will make sure they find the perfect plan for you.

All of our advisers are authorised and regulated by the Financial Conduct Authority, and are members of the Equity Release Council.

Once we’ve found the perfect adviser for you, they’ll give you a call for short, one-to-one chat which will cost you nothing.

In light of COVID-19, you can receive all advice from the comfort of your own home, via the phone with no "in person" visit required.

You’re under no obligation to act once you’ve had a specialist’s advice.

But if you do wish to continue, they’ll handle the entire process for you.

You can get started now by using our 30-second Equity Release calculator below where you will find out how much you could release, tax free, from your property...