Equity Release
Could equity release help you?
If youāre 55 and over and own your own home, it could hold the key to securing a more comfortable future.
On average customers access Ā£86,000 from their property to spend on the things theyāve always wanted-from holidays and home improvements to treating family or simply giving their retirement finances a boost.
Equity release may involve a lifetime mortgage which 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.
Unlock cash thatās tied up in your home
Working in partnership with one of the UKās leading independent equity release specialists, we can help you find out whether or not equity release is the right solution for you. The expert advisers will search the whole of the market to find the most suitable plan for your individual requirements.
Equity Release
Facts not fiction, your questions answered
The cash released from your home can be spent however you like.
Here are some examples of how equity release has been helping others
Home Improvements
Is your house or garden in need of a refresh, do you need a new kitchen or bathroom or a new conservatory?
Would you like to update your doors or windows, or just be able to redecorateĀ and do some general maintenance?
Pay off the mortgage
Many are reaching their retirement years and still have monthly mortgage bills to pay.
Thousands also have interest-only mortgages due to mature in the next five years with a shortfallĀ of thousands between the amount left to pay and the funds they have available.
Helping family
We are seeing a shift in how people view inheritance, with many wanting to help children or grandchildren financially now rather than after theyāve gone.
Sometimes help is needed to take the first steps on the property ladder, for university fees, help withĀ debts or small businesses or just to give money for them to enjoy!
Dream holiday
Many of us have holidays weāve always dreamed of going on and places weāve always wanted to visit; during retirement is the perfect time to make sure those dreams come true. Whether it be a trip to the other side of the world, a luxury cruise or ticking off the Seven Wonders of the World, those wishes could come true!
Money worries
One thing we donāt want to do when we retire is have money worries hanging over our heads.
The financial security of knowing that you donāt need to worry whether youāve enough money to pay the bills can make an enormous difference to being able to enjoy your retirement.
Moving home
Itās possible that the home you live in today, isnāt the one in which you want to spend your later years, you might want to move to a different part of the country, a smaller property or a purpose built retirementĀ village. If the new property value is higher, the home youāre in now could help you bridge that gap.
