Guide To Equity Release

Guide to Equity Release

TYPES OF EQUITY RELEASE

There are two main types of equity release, lifetime mortgages and home reversion plans.

WHAT YOU NEED TO KNOW ABOUT EQUITY RELEASE

From the information above, equity release may seem like a good option when you want some additional money but don’t want to move home. However, there are a number of important considerations.

GETTING ADVICE

Before beginning to advise you and make any potential recommendations, your equity release qualified financial adviser will work with you to understand your specific circumstances and goals.

Guide to Equity Release Download

Equity release is a way of releasing the wealth tied up in your property, without having to sell it and move to another home. You could choose to either borrow against the value of your home or sell all or part of it in exchange for a lump sum or regular monthly income. It may also be possible to take further monies from your property at a later date, if required.

Equity release is designed to help customers over the age of 55 who either own their property outright, or have small mortgages left to pay.

Disclaimers:

Equity release will reduce the value of your estate and can affect your eligibility for means tested benefits.