Equity Release
The good news is that we’re all living longer. The bad news is we have to fund our long lives! So, what is your home worth to you? Could it fund your retirement?
Average property prices have risen from £59,587 in 1990 to £168,719 in 2010 ( Source: Nationwide Building Society). So, are you maximising your home’s value as your single biggest asset?
Equity release allows homeowners over the age of 55 to release the equity in their homes while allowing them to live there for as long as they wish. You can either release a cash lump sum or provide an income for life while you still live in your home through a long-term loan, secured against your property, which is paid off when your home is sold or when you die. No interest payments are made until the loan is paid off.
Equity release plans can be a very efficient means of funding your retirement or long-term care, a child’s wedding or university costs. Equity release may also be advantageous in terms of minimising your estate’s inheritance tax liability after your death.
Because we are fully independent and not tied to any financial services provider, we can advise on all the equity-release products on the market for the right solutions for you.
Warning; this is a lifetime mortgage, to understand the features and risks, ask for a personalised illustration.
Use the contact tag on the menu on the left of this page, or telephone 01434 607 808 for an appointment with an experienced adviser.
Does your mortgage maximise your assets?
Can you fund your long-term care?
