
Why More People Over 55 Are Choosing Equity Release to Fund Their Dream Holidays
New research reveals a growing trend: people over 55 are increasingly choosing to release equity in their homes to fund life-changing purchases, such as luxury holidays. In fact, equity release loans in the UK have more than doubled over the past decade.
Are you dreaming of the holiday of a lifetime? If you’d prefer to avoid using unsecured debt or dipping into your savings, equity release could be the perfect solution to make those dreams a reality. Let’s talk about how you can access cash tied up in your home and fund your next adventure with a lifetime mortgage.
What is Equity Release?
Equity release allows homeowners to borrow money against the value of their property. The loan, plus interest (including any roll-up interest), is repaid when the homeowner passes away or moves into a care home. The remaining equity is typically used for care home fees or passed on to family members.
Research shows that more and more homeowners are using equity release to fund once-in-a-lifetime trips, as well as to pay for home improvements or assist loved ones with purchasing their first home. Are you considering any of these? Could equity release help you achieve your goals?
A popular reason for choosing equity release is funding that dream holiday you’ve always wanted to take. But it’s not just about travel — many people are using equity release to maintain their quality of life in retirement or to adapt their homes to suit changing needs as they get older.
Are You Ready to Take the Next Step?
Whether it’s a luxury getaway or making necessary home adaptations, equity release offers a flexible way to access the funds you need. Need advice or want to stay up to date with the latest equity release news? Contact us today, and we’ll guide you through all the details to help you secure the best option for your situation.
This is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice.
Source-
https://www.ntu.ac.uk/about-us/news/news-articles/2025/02/equity-release-doubled-in-the-uk-with-holidays-a-major-factor-study-shows#:~:text=Research-,Equity%20release%20doubled%20in%20the%20UK%20%E2%80%93%20with%20holidays%20a%20major,for%20purchases%20l
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