Equity Release for the Elderly

Equity release for the elderly offers an opportunity to boost your retirement income without having to move house. It releases cash from the value of your home, which can be used for any purpose.

Equity release is only available to those aged 55 or older, and has the potential to make retirement more comfortable. Other advantages of equity release for the elderly include:

Boosting your income
Unlocking value from your home
The money is tax-free and can be used for any purpose
You can retain ownership of your home and continue to live in it
The remaining value of the property, after the mortgage and any interest accrued has been paid back, can be left to heirs

To get more information and advice on equity release for the elderly, fill in our quick form and an advisor will get in touch with you.

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.