Again, this is an area which has seen huge increase over the last few years. Some people struggle with monthly outlay on mortgages and debts and can use Equity Release to free up monthly income. Interest only mortgages coming to the end of the term can be cleared by using Equity Release.
You should be aware that whilst this may reduce your monthly outgoings in the short term, the total amount repayable is likely to be greater due to the longer term. Make sure you fully understand the implications and risks inherent in securing credit, which was previously unsecured, against your home.