Equity Release

Well life goes on!

You work all your life, bring up the kids, pay for the holidays, education and finally, you find that one day they spread their wings and they are gone.  At least, for a while!

When expenses are high it can be difficult, if not impossible, to make provision for your own pension arrangements or perhaps you have managed to save some money but you find that it is just not quite enough to live on.

Equity release is an ideal way to unlock capital tied up in your home. 

It is designed to let you take a lump sum or a monthly income and the payments are usually at a fixed rate which can be deferred to the loan balance, if desired.  The minimum age is normally 50 years old.

Most, if not all equity release loan companies belong to SHIP (Safe Home Income Plan).  This is an organisation that offers members a code of conduct which includes an equity release guarantee.  This means that even if the loan exceeds the equity in your home, you will not have to sell your property to repay the loan for as long as you live there.

This type of mortgage should not be confussed with Home Reversion Plans.  With equity release, you retain ownership of your home.  With Home Reversion schemes, you would sell all or part of your home to the provider.

Call Now: 0844 357 4429 or Mobile: 0788 0727 493

 ↑ Back to Top