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We are authorised and regulated by the Financial Conduct Authority (FCA) and members of the Equity Release Council.
Bower has always supported the aims of The Council and the associated SHIP safeguards which our membership offers, such as its commitment to impartial advice.
The money you release with an equity release plan is yours to spend in absolutely any way you like.
We’ve seen customers use their money in lots of different ways, but the most popular ones are:
Please remember that with an equity release plan you must be able to release enough equity from your property to completely pay off any outstanding mortgage or loan secured on it (or have enough funds by other means to do this). The remaining money is then yours to spend as you want tax free.