Let me run you through what might happen when you seek equity release advice.
You may be nervous about the whole process of releasing money from your home and a good advisor will be patient and give you time and ensure that this is the right decision for you.
This is a big step and you want to know that your needs are being met and you understand all the options open to you.
His equity release advice will explain the various schemes available in a simple, no jargon, way.
Because of the safeguards built into equity release plans,many homeowners like yourself,have been able to use the money from their home without having any monthly repayments.
There are important things that you need to know about like SHIP - which stands for "Safe Home Income Plan" and the FSA - "Financial Services Authority" but these are in place to protect you.
Also it's not always the right solution for everyone and any setbacks will be explained fully and if necessary the advisor will advice against going ahead.
With the environment the way it is at the moment with lower pensions and the economy in bad shape more people over the age of 55 are turning to equity or Home reversion schemes for financial security and perhaps to fulfil a dream or two in retirement.
Just remember that the money you get can be spent however you want.
So if you want to be safe and make an informed decision about releasing money from your home seek the best equity release advice you can find.