Free Equity Release Workshop
How to access tax free cash from your property to fund your retirement
Limited Places – Book Yours Today
Location: Joslin Rhodes, The Planning Rooms, Wellington Court, Preston Farm, Stockton on Tees, TS18 3TA
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 use however you want, such as:
· 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.