If you’re aged 55 or over, you could raise money by releasing some of the equity in your home without having to sell.
Extensions and property maintenance
Holidays, new cars, motorhomes and other leisure investments
Gifts to family members
Additional money to maintain standard of living
Adjustments to the property to accommodate changing needs
There are lots of equity release options available to you. The most important thing, however, is to get professional, qualified face-to-face advice.
That’s because you – and preferably your family members – need to be fully aware of everything that equity release involves before you commit.
We are whole-of-market advisers. That means we’re not tied to one or two products – we can access all the equity release products on the market and make sure that you have all the information you need to make sure you choose the right product for your needs
We are also members of the Equity Release Council.
Equity Release, Lifetime Mortgages and Home Reversion Plans will reduce the value of your estate and can affect your eligibility for means tested benefits.
You borrow a percentage of your home’s value. The interest can either be ‘rolled up’ so you don’t have monthly payments, or you can pay each month towards the interest, which means you are protecting more of the equity in your property in the long term.
In this plan, the provider gives you a lump sum for a portion of your home, and you then live there rent free until you die, or go into care, or move.
The decision to use an equity release plan is entirely up to you as a homeowner. We would always encourage you to talk to your family members, though, because your home is an important asset, and reducing the amount of equity you own may affect your estate or the eventual money available for care costs or other later life expenses. It’s important to note that Equity release will reduce the value of your estate and can affect your eligibility for means-tested benefits.
Equity Release, Lifetime Mortgages and Home Reversion Plans will reduce the value of your estate and can affect your eligibility for means tested benefits.
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