Equity Release Plans

If you want to boost your retirement income to make life easier, go on a holiday or do some home improvements, you might want to consider equity release plans as an option. They unlock cash from your home by allowing you to borrow against the value of the property. This money does not have to be paid back until the house is sold upon death at which time the lender takes their cut, plus interest. Features of equity release plans include:

A cash injection for any purpose without moving home
They are available to those aged 55 or older
You retain ownership of your home
No monthly repayments
Remaining value of the property, after the loan and interest has been repaid, can be left to heirs

To help you decide if this is for you, fill in our quick form and an advisor will contact you who will give you more information and advice about equity release plans and the other options available to you to help boost your income is retirement.

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.