Equity release to fund a second house purchase

Equity release to fund a second home

Many people are taking the opportunity of investing in a second home and an equity release plan can be a useful way to help fund the purchase of an additional property. Below are some of the opportunities that releasing money from your home could enable you to take:

Purchasing a holiday home

Owning a holiday is an aspiration lots of people have, but for many it is something that feels just out of reach. Releasing a lump sum from your home may just enable you to realise this dream. With the UK’s average release being in excess of £70,000 just think of the holiday homes you may be able to afford.

  • A house in Cornwall
  • A chateau in France
  • A bungalow in Germany
  • An apartment in Spain
  • A villa in Portugal

On top of this there are often products available which allow you to release equity on the second home. The amount you can borrow is less than that against your main family home but it is an additional avenue to consider. This is a specialist area and something that is not always available and therefore it is best discussed with an advisor.

Purchasing a buy-to-let property

A buy-to-let property can be a great investment; not only can the properties appreciate in value but you can also use the money from letting the property as income in your retirement. For this reason using an equity release plan to fund a buy-to-let property could be something you wish to pursue.

Many people choose to release a lump sum from their own home to help pay for the buy-to-let property but there are often equity release plans specifically designed for landlords. With this in mind you may be able to build your own buy-to-let portfolio with equity released on each property! This is a specialist area and something that is not always available and therefore it is best discussed with an advisor.

As a part of a separation agreement

It is not uncommon for partners to separate and many couples wish to make the transition as easy as possible. We appreciate that any breakdown of a relationship can be a very hard time and often a jointly owned property is sold as part of the separation agreement.

We recognise that there are situations in which one person wishes to keep the main family home, possibly because of children still living with them or because they do not wish to search for another property. Whatever the reason, it may be hard to find the funds needed to keep the home and “buy out” the other party. In such situations it may be possible to release equity from the property using an equity release plan to allow transfer of funds.

To speak to one of our advisors regarding using equity release to fund a second home simply call 0207 158 0881. You can also get an indication of how much money you may be able to release using our free equity release calculator.

For your benefit and protection we are fully regulated by the Financial Conduct Authority.

Equity Release Calculator

Our equity release calculator is FREE and easy to use. Simply complete the form below.

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Most plans allow you to:

  • Maintain 100% home ownership
  • Unlock a tax-free lump sum of money
  • Continue to live in your own home
  • Make no monthly repayments

Why use our calculator?

  • No time wasting – what you see is what you get. Our calculator is a one step process
  • Instant results – the results of your calculation will be displayed as soon as you complete our one step process. We’ll even email you a copy
  • Expert assistance – our equity release advisers are ready to answer any of your queries
  • No pressure – at Money Release there’s never any pressure to proceed and no-obligation to commit to anything!
Equity release is not right for everyone and may involve a lifetime mortgage or home reversion plan.
If you are considering Equity Release we recommend you read through is equity release right for me? carefully.
We have also created a Myth Buster for further useful reading.
Equity release can impact your entitlement to mean tested benefits and will impact the value of your estate.
To understand the full features and risks of an Equity Release plan ask for a personalised illustration.
Money Release Limited is registered in England No. 09332792. Registered office: Harwood House, 43 Harwood Road, London, SW6 4QP.
Money Release Limited is authorised and regulated by the Financial Conduct Authority. FCA registered number 679004.
The content of this website is provided for information purposes only. Nothing within this website should be construed as investment advice and should not be relied upon.
The information contained within this website was obtained from sources believed to be reliable but no guarantee is given to its accuracy and completeness. Money Release Limited is under no obligation to update, modify or amend the information and it does not accept any liability for any loss or damage, however caused, arising from any errors, omissions, or reliance on any information or views contained in this website.