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.
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.
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.
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.
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.