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If you are retired or about to retire and you are wondering how you are going to manage financially then, if you own your own home, using it to generate a lump sum or an income might be an answer.
This is known as Equity Release and as the name implies, means releasing some of the value locked up in your house to improve your standard of living now rather than leaving all of the value to your family when you die.
In 2009 over 20,000 people decided that their life could be improved by taking out an Equity Release plan - some will have chosen to take a lump sum perhaps to carry out home improvements or take the holiday of a lifetime, others will have opted for a regular income to improve their day-to-day living.
Whatever your reason for wanting to raise money, if you would like to find out more about Equity Release please read on. In the next section we cover the types of equity release available.