Simply put, "equity" is the difference between the actual market value of your property minus any outstanding debts (a mortgage or other loan secured on your property). For example, if your house is worth £250,000 and you have £150,000 left to pay off on your mortgage, you have £100,000 in equity.
Equity Release is a way you can release the equity in your property without having to move into a smaller house or leaving your much loved family home.
There are plenty of reasons you might want to release some of the equity of your home, maybe you want some money to build an extension or convert the attic into another room (which might actually increase the value of your property in the long run), but in our experience, people have released some of the equity in their property for holidays, new cars and to treat themselves or their families in their retirement.
If you need to release equity from your home, without wanting to re-mortgage your property we at Fastpropertysale.net can buy your home, releasing its equity allowing you fast access to the cash you need. We offer a "Sell and Rent Bank" scheme, enabling you to sell your property, releasing its equity, without having to move out of your home.