As the temperatures start to go down and the energy bills go up, you might feel like you can’t afford to put the heating on.
If that’s you, there is support available for people claiming benefits or who have reached a certain age. Don’t miss out on the support that’s there for you. Read on for the different ways you can get support from the government to heat your home this winter.
The different types of government support available this winter
There are three schemes available to help you keep the heating on this winter:
- Winter Fuel Payment
- Warn Home Discount Scheme
- Cold Weather Payment
There's also a fourth scheme, the Affordable Warm Scheme, which is exclusive to Northern Ireland and designed to help you prepare your home for cold weather.
If you’ve explored all of these options, you don’t want to take on extra monthly commitments or deplete your savings, and you’re a homeowner over the age of 55, you might want to explore equity release as a means of accessing funds to heat your home, or to make your home more energy efficient in the long run.
Equity release can provide a practical solution for financing by unlocking the value tied up in your property. By accessing the equity in your home, you can secure a lump sum or regular income that can be used to cover the cost of home improvements. This allows you to enjoy your home without depleting your savings or affecting your day-to-day finances.
Curious to see if equity release could be an option for you?
SPEAK TO AN ADVISER
This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice. A fee may be charged for mortgage advice. The exact amount will depend on your circumstances.
January is often a time for reflection and forward planning. For homeowners in later life, it can al...
Read More >
January is often when people take a step back and look at their finances with fresh eyes. Once the f...
Read More >
January is often seen as the month for fresh starts. We declutter our homes, reset routines and take...
Read More >
Delivered by Chancellor Rachel Reeves on 26th November, the 2025 Autumn Budget brings a mix of new c...
Read More >
The festive season can be magical. But honestly, we are speaking to so many of our clients, and the ...
Read More >
Big news from the mortgage world: Nationwide are releasing interest-only mortgages to first-time buy...
Read More >