People seeking equity release
Equity release can be a tempting option if you need to release a capital sum or boost your income.
If you’re a homeowner and aged 55 or over, you may be one of the thousands considering equity release to unlock the value of your home and turn it into cash.
There are many reasons people choose equity release, including home improvements, topping up retirement income, purchasing a new car or consolidating debts. You can use the money how you wish and the best part is that you can stay in your home with no need to sell and downsize.
But, before you choose equity release, you must consider whether downsizing or borrowing money from family members would be a better route for you to go down.
Let us work with you to dispel the myths of equity release and decide if it is something you should consider doing.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
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Discuss all options
Equity release isn’t right for everyone. We take a holistic view of financial planning, so all options will be explored before we make recommendations.
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Ensure you’re informed
We make sure that you and your family understand the positives and drawbacks so you can make informed decisions about the next steps.
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Create an income
Receive peace of mind knowing you’ll have a lump sum or regular income in exchange for part of the value of your home.
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Enhance your lifestyle
We will help you top up your retirement income so you can live a comfortable retirement, afford home improvements or consolidate debt.
Equity Release, or a Lifetime Mortgage is a loan secured against your home. Equity Release will reduce the value of your estate and may affect your entitlement to means tested benefits. Your home may be repossessed if you do not keep up repayments on your mortgage. To understand the features and risks, please contact one of our Mortgage advisors.
Each step of the journey explained
Life doesn’t stand still for long, meaning your needs and goals will change over time. For that reason, we encourage our clients to see financial planning as a journey rather than a destination.
What our clients say
We’re featured on VouchedFor, the UK’s leading customer review site for financial advisers and planners. Our advisers’ Top Rated status on VouchedFor is evidence of the high regard they’re held in by clients just like you. Click or tap on the VouchedFor logo to read in full some of the kind comments we’ve been proud to receive.
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The information on this website does not constitute advice or a recommendation for any product and you should not make any decisions on the basis of it.
Prosser Knowles Associates Ltd is Authorised & Regulated by The Financial Conduct Authority and is entered on the Financial Services Register under firm reference number 446589 http://www.fca.org.uk/register. Prosser Knowles Associates Ltd Registered Address: Beaumont House, 172 Southgate Street, Gloucester, GL1 2EZ. Registered in England & Wales, No. 04520041.
The information contained within this site is subject to the UK regulatory regime and is therefore targeted primarily at consumers based in the UK. The value of your investment can go down as well as up and you may not get back the full amount invested. The Financial Conduct Authority does not regulate Taxation and Trusts. Your home may be repossessed if you do not keep up repayments on your mortgage.
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