Equity Release allows homeowners over the age of 55 to release the equity in their homes, but still allowing them to live there for as long as they wish. There are three types of equity release schemes available in the market: Lifetime mortgages | Home reversion plans | Drawdown plans
Each type of equity release scheme allows you to have financial freedom by releasing equity from your home to spend entirely as you wish.
We only recommend equity release schemes which are approved by ERC (Equity Release Council) which means that every equity release scheme we offer meets the strict standards set by ERC to ensure your safety:
Guarantee you will never fall into negative equity. This means you will never owe more than the value of your home and no debt will ever be left to your estate.
Remain in your property for life, provided the property remains your main residence.
Move your plan to another suitable property without any financial penalty, subject to criteria.
Equity Release is a way of releasing tax-free cash from your home. There are a number of plans which we would discuss with you to ascertain which is best suited to your needs. The most popular reasons for people releasing money from their property’s are listed below. This list isn’t exhaustive and you can use the money for anything you like.
Home improvements e.g. conservatory, extensions, garden improvements
Clear mortgage debt, loans and credit cards
Purchase a holiday home or 2nd property
Gifts to your children for a house deposit
Maintain or improve your lifestyle income
Buy a new car or caravan
Reduce any potential inheritance tax liability
Afford life’s little luxuries
Pay for private medical care costs
Fund care in your home
These are just a few of the ways people use the funds locked in their home to improve their lifestyle. How could the extra cash help you?
To find out more, why not reserve a free, no obligation initial consultation with one of our specialist equity release advisers? We will visit you in your home and spend the time with you so that you are fully informed, enabling you to make the right decision. Click here to request a call back from an equity release specialist who will be happy to give you more information on equity release and discuss your individual requirements.
Click here to watch our useful video about how Equity Release can help you free up money locked in your home.
Click here to see how much you could release from your property using our Equity Release Calculator.
Or click here to receive Equity Release advice over the phone using our call back service.