A Handy Guide To Equity Release:
How It Works:
Equity Release helps you access (Cash) that is tied up in your home. Safely unlock the cash built up in
your home without the stress of moving home.
There are certain schemes available that allow you to have one lump sum or smaller monthly payments
depending on your needs & the equity scheme that you choose. However, the most popular type of Equity
Release is a Lifetime Mortgage, which is a loan secured against your home.
In some cases your Equity Release provider may be able to transfer the debt onto your new property. Allowing
you to move home. However, if the property is worth less than the current property you’re in, the provider may
decide not to transfer the debt.
How Could you use Equity Release:
Having that extra money can open up many possibilities. Perhaps you’ve lost a loved one and wanted to travel to
see family, treat yourself to that dream car, complete the house renovations or even help loved ones financially –
The options are endless....
How Much Could I Unlock:
The amount of Equity you can release is dependent on your current mortgage, your house price and your age.
If you are a home-owner and over the age of 55 years old, equity release could free up money for your retirement
without the need to sell your home.
Can I still Move Home:
Normally the money obtained is only repaid when customers die or move into long-term residential care.
However, what would happen if you want to move house after you have taken out equity release.
Get the best rates, release the most equity and enjoy the retirement that you deserve.
We work with all of the UK’s biggest providers and have access to preferential rates from the whole market place.
Our Advisers will be in-touch with you to provide you with some further information, impartial advice & no-obligation advice.
WARNING: Equity release reduces your estate's value and may affect any means-tested benefits you're eligible for.
A lifetime mortgage, which is a loan secured against your home, is the most popular form of equity release and you will still own your home.
Think carefully before releasing equity and make sure it’s right for you.
YOUR HOME (OR PROPERTY) MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
‘Think carefully before securing other debts against your home’
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