Releasing Equity from your property.
If equity release is something you are considering – let us help you to decide which option is best for you. There are two main types of equity release plan.
In short, the borrowing of a proportion of the value of your home to raise money. Interest is charged on the amount borrowed but often nothing has to be repaid until you die or choose to sell your home. Interest is rolled up over the period of the loan and repaid on eventual sale.
HOME REVERSION SCHEMES
The selling of a share of your property to the provider for less than market value – when you die or move into long term care the provider gets the same share of the eventual sale price. You have the right to stay in your home for the rest of your life.
In both cases the value of your estate might be reduced and entitlement to state benefits affected hence the need for expert tailored advice. Please do check out the Equity Release Council Guide belowEnquire Now
Equity Release Council GuideDownload (PDF)
Equity Release is a Lifetime Mortgage. To understand the features and risks please ask for a personalised illustration
Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice
A Lifetime Mortgage will reduce the value of your estate, will not be suitable for everyone and may affect your entitlement to state benefits
We normally charge a fee for Equity Release advice, however this will be dependent on your circumstances. Our typical fee is £750