Equity release is a way of creating an income from your home without moving or taking in lodgers. You can take a lump sum or a regular income and you don’t need to repay any of the money until after you die.
Income from your home: Downsizing
In the context of retirement, downsizing means selling the home you’ve lived in and moving to a smaller home
Income from your home: Rental Income
If you’re reluctant to sell your home, but keen to generate an income from it (without giving up any of your equity), renting a room could be the answer for you.
Income from your home
These days more and more people, even those who have made reasonable provision for their retirement, may need to look to their home as a source of income in retirement