Fee Free Advice – We get paid by the lenders/insurers, Not by you
Equity release is a way of unlocking the value of your home and turning it into a tax-free, cash lump-sum.
It’s essentially a long-term loan that’s repaid using your home once you pass away or require long-term care. Until then, you’ll remain a homeowner with no need to move out.
Whatever financial freedom means to you in later life – renovating your home, paying off an interest-only mortgage or helping your children – equity release is designed to help make it happen.
We need a new way of thinking about retirement. For the majority of us, property is our biggest store of wealth, more so than even our pensions. Yet, property is currently used much less than pensions in retirement income planning. It’s important to think more holistically about wealth and being better equipped in this way will help us achieve the retirements we all want to have.
If you own your home you may want to unlock the funds you have tied up in your property for a wide variety of reasons.
- Maybe you need funds to supplement your retirement income
- Would like to pay off existing commitments, or clear an existing mortgage
- Carry out essential repairs or home improvements
- Would like to move to a higher value property to be closer to friends or family, but don't think you can get a traditional mortgage
- Gift funds to a loved one
- Enjoy a trip of a lifetime or buy that motorhome you've always wanted
- Something else that' important to you.
We'll go through all the options available to you and assess the advantages and disadvantages of carrying out equity release. An accredited equity release specialist will talk you through your options and make sure you fully understand what's involved, the effect this might have on state benefits, tax and your obligations.
Equity release has no effect on state pension payments or private pension arrangements but other means tested benefits may be affected and this will form part of our assessment.
We only deal with equity release providers who adhere to the standards set out by the Equity Release council to safeguard our clients' interests, and the providers we deal with must include a 'no negative equity guarantee' which means you can never owe more than the value of your home, regardless of what happens to house prices or how long you live there.
Equity release schemes are sometimes met with hesitation – it’s right to think carefully of the long-term implications of your decision, and we will help you along this journey.
We will guide and give you all the information for you to consider. You might like to involve a family member or trusted friend in our discussions and we welcome and encourage you to invite them.
To find out more about ethical equity release, please visit www.equityreleasecouncil.com.
Equity Release Lifetime Mortgages:
This is a Lifetime Mortgage. To understand the risks, please ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your house or you want your family to inherit it. If in any doubt, seek independent advice.