Equity Release and Retirement Interest Only (RIO) mortgages are two popular ways for homeowners over 55 to access property wealth. Equity Release, typically via a Lifetime Mortgage, allows you to borrow against your home without monthly repayments, as the loan and interest are repaid when you pass away or move into long-term care. In contrast, a RIO mortgage requires you to pay the interest monthly, which can be more cost-effective if you have a reliable retirement income. Both options have unique benefits and risks, so it’s essential to seek professional financial advice to determine which path best secures your retirement future.