Looking For Local Equity Release Advice?

Are you over 55 and looking for ways to fund a comfortable retirement?

Your home is probably your biggest financial asset.

Equity release allows you to access some of the value tied up in your home and turn it into tax-free cash to cover things like: 

• Home improvements

• One-off purchase e.g. new car, caravan or holiday

• Enable a more comfortable retirement

• Help friends or family members financially

How does equity release work?

The value of your home, minus any outstanding mortgage, is described as your ‘equity’.

An equity release plan is a way of accessing extra cash without having to move.

To qualify for an equity release scheme, you must be a homeowner aged 55 or over, or if the property is jointly owned then both parties must be over 55.

With some equity release plans there are no repayments to make and with a lifetime mortgage, you continue to own your home.

Plans all come with a ‘no-negative equity guarantee’ which means you will never pass on debt to loved ones, and some plans include an option to guarantee an inheritance.

Your adviser will explain how equity release will affect potential inheritance and how your entitlement to means-tested benefits could be affected now or in the future.

Equity release may involve a home reversion or a lifetime mortgage, which is secured against your property. To understand the features and risks, ask for a personalised illustration.

Equity release requires paying off any existing mortgage. Any money released, plus accrued interest would be repaid upon death, or moving into long-term care.