Equity Release for Setting up your own Business

Have you always wanted to run your own business; to be your own boss and escape from the nine-to-five daily grind? It is said that everyone has at least one great idea in them. Have you seen a gap in the market so you’re looking for a chance to take advantage of it before someone else does?

Every year, thousands of people go into business on their own or buy into an established franchise. And for most, with careful preparation and thorough research and with hard work and commitment, it’s often the best decision they ever made.

Not all business ideas take a lot of money to set up however, there are usually some initial costs involved such as buying stock, converting premises, buying tools or machinery or vehicles. And the thought of having to raise the finance can be off-putting for many people as interest rates on traditional loans are thought to be high.

However, if you are a homeowner and have built up some equity in your property, this could be the answer to the problem. Re-mortgaging is very straightforward and you may well find that you could be paying a far better rate on your borrowing than you currently are. And why not release some extra funds at the same time to set up the business that you have always thought about and get your great idea off the ground.