Equity release | Mortgages and equity release | Financial advice

Equity release

Why consider equity release?

Your home is probably your most valuable asset, so you may like to see if you could benefit from some of the value which may have built up in your 'bricks and mortar'.

But if you do not wish to sell up and move out of your home, or release funds from other sources, a Lifetime Mortgage or a Home Reversion plan may allow you to access funds tied up in your home and most schemes guarantee your right to live in your home for the rest of your life.

An Equity Release scheme is designed to give you a lump sum, an income, or a mixture of both. There are many reasons why you might wish to consider releasing equity from your home -

• Would the security of an extra income mean that you could stop worrying about money all the time and really enjoy your retirement?
• Do you have plans to spend an extra lump sum? Perhaps on the home, a replacement car or on better holidays?
• Are you considering Inheritance Tax planning?
• Would Equity Release help you make arrangements in advance so that you will get the personal care you would like, should you ever need it in future?
• Do you need to supplement your income in retirement?

These are just some examples of reasons why people consider using equity release plans as a means of generating income in retirement. An independent financial adviser can help you decide whether this type of plan is suitable for you.

These are lifetime mortgages and home reversion plans. To understand their features and risks, ask for a personalised illustration.

For advising on mortgages we can charge a fee of typically 0.35% of the loan amount, or we can receive commission from the lender.