How To Use Equity Release For A Second Home
A second or holiday home can provide the escape you need. A lifetime mortgage is a flexible option to raise tax free wealth from your home.
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Author Paul Murphy- Later Life Finance Ltd
Who Is Release Equity for a Second Home Right For?
Whether it’s a holiday escape, a place closer to family, or a future rental investment, your existing property can work harder for you. Using the wealth already built up in your primary residence is logical for many homeowners. Releasing equity for a second home is becoming more popular with our clients at Later Life Finance.
However, success hinges on understanding the details. Reviewing eligibility, weighing the financial implications, calculating true equity, and considering repayment structures all play a role. Layer on legal and tax considerations, and it’s clear this isn’t a one-size-fits-all decision. Strategy and customisation drive better results than guesswork, so take time to weigh it all out.
Want to explore what’s possible for your situation? Help is one conversation away. Our experts have been guiding homeowners through the equity release process for years and can tailor their advice to match your unique goals.