Equity Release Advice
Equity Release Advice
Equity release can be a great way to free-up cash from your home for any purpose you choose, but before you decide if its right for you, get some equity release advice from a professional. Equity release can either mean that a company buys part of your home of which they get some of the value when it is sold upon death, or they give you a loan which is paid back with interest when the house is finally sold. If you’re considering equity release, advice will also help you to decide if equity is right for you and if so, which route best suits your requirements. Equity release advice will be able to go through the potential benefits such as:
- Releasing tax-free capital from your home
- Allowing you to retain ownership of your home
- Improving your retirement income
- You should still have the remaining value of your home to leave to your heirs
Equity release is available to those who are 55 years of age and older. How you spend the capital is up to you – you can use it to go on the trip of a lifetime, get a new car, improve your home, or just to make life more comfortable. Fill out our simple form and an advisor will get in touch with you who can give you equity release advice and answer any questions you might have.
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Lifetime mortgages as from October 2004 are regulated by the Financial Services Authority. A lifetime mortgage is a loan secured on your home. The loan and interest are normally repaid from the proceeds of the sale of your home when you die or move into long term care. With a home reversion plan you sell all or part of your home for cash. However you do not get the full market return for doing so. The above equity release mortgage detail is for information purposes only as does not constitute financial advice under the Financial Services and Markets Act 2000. When considering any type of equity release product, it is important that you seek independent legal advice. THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
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