Financing Home Improvements: WITHOUT monthly repayments

Have you been dreaming of transforming your home into a beautiful, peaceful haven in which to enjoy your retirement? Or thinking about having an extension built, conservatory added or loft converted so that you have more space for your extended family to stay and grandchildren to play? If so, and you’d rather not finance your renovations using your precious savings, read on.

It’s true that standard finance options are often not as accessible once you have retired, and you probably wouldn’t want the burden of repaying a loan in any case, or re-mortgaging for that matter. Luckily, there is another way to finance your home improvements project – one that is used by thousands of homeowners all over the country – and that is by releasing some of the value that is locked into your property.

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As a homeowner aged 55+, you could use the value that you’ve built up in your home over the years to obtain a tax-free cash sum to spend on making those changes to your living space that you’ve always promised yourselves.

Is releasing cash from a home safe? The answer is yes it is safe, providing you take independent financial advice from a specialist equity release adviser who is regulated by the Financial Services Authority (FSA) and who only recommends products endorsed by Safe Home Income Plans (SHIP), the equity release consumer protection body. Why SHIP? Because their plans guarantee staying in your home for life; never owing more than the value of your home and leaving no debt to your family.

The great thing about using equity release to fund home improvements is that there are no monthly repayments, no credit checks and the finance is not related to your income.

Is it time to transform your home like you always promised yourself? Why not use the value in your home to improve your home? Just remember to take independent financial advice from a Financial Services Authority regulated equity release specialist then you can be sure releasing the cash from your home will be perfectly safe. Then all you have to do is plan your renovation project!