• Downsizing. Purchasing a smaller or less expensive property will release the equity built up in your current home.
• Savings and investments. Now might be the right time to use any money you have put away for that 'rainy day'.
• Re-mortgage. This may provide you with a lump sum for a one-off purchase - but it's important to make sure you can afford the repayments.
• Family and friends. You may have relatives or close friends who can offer you financial support over the short or long-term.
• Pension credits and benefits. Make sure you're claiming all the credits and benefits you're entitled to - they can help to boost your regular income.
• Grants. If you need financial assistance for home improvements, including insulating your home, speak to your council about potential grants that may be available to you.
• Switch utility providers and insurers. Could you be saving money on your gas, electric bills, home or even car insurance? There are a lot of websites that provide cost comparisons that could reduce your monthly outgoings.

Click here to link to some websites you may find useful

If you decide to go ahead with Equity Release, it's up to you how you choose to use the money you release from the value of your home. For example:

• Boost your income to maintain - or even improve - your standard of living in retirement
• Pay off your mortgage and/or other debts
• Carry out home improvements
• Buy a new car, take off on a dream holiday or celebrate a special birthday or anniversary in style
• Private medical treatment or funding for Care in the Home
• Gifts to children and grandchildren, to help them buy a home or help  with school or university fees, weddings etc.
• A holiday home - either in the UK or abroad
• Inheritance Tax Planning - a way to gain optimum advantage if you plan to leave an inheritance
• In fact, you can use the money for whatever you want!