Can I Alter My Home Whilst In An Equity Release Plan?

People often ask us if it’s possible to make modifications to their home, when an equity release plan has been entered into. From our experience, we understand that most providers will be happy for you to so, but you will require their written consent beforehand.

Adding value to your home through making modifications, such as extensions, conservatories and other major changes, will generally be seen as a positive thing, as this will make your home more desirable and easier to sell in the future.

A detailed description of your planned modifications will need to be given, and your provider will decide whether to approve them or not. After all, the cash released from your home is yours to do with as you wish, so it seems perfectly feasible that you would want to improve your home to make your retirement as comfortable as possible.

Find Out More at 55+ Equity Release

To find out more, contact 55 Plus Equity Release, and our team of experts will be able to answer your equity release questions. If you’re unsure about equity release and how it could improve your retirement, don’t hesitate to get in touch.