When Is The Best Time To Take Out Equity Release?
The best time to take out equity release is when the need has become the greatest and all the alternatives have been explored & eliminated. Only then should it be considered. The minimum age is 55, however the longer release of equity is held off, the less time the equity release has to roll-up & grow. Therefore, by delaying an application, potentially the greater the inheritance that is left for the beneficiaries. This can be negated by paying off the interest as discussed on our interest only advice page.
