Equity Release Schemes

Equity release schemes provide a way of releasing the value of your home in order to boost your income in retirement, either for making home improvements, taking the trip of a lifetime or just for making your life more comfortable. Advantages of equity release schemes include:

A tax-free income boost
The cash can be used for any purpose you choose
There are no repayments – the capital plus accrued interest is paid back on death upon the sale of the house
The remaining value of the home can be left to your heirs
You retain ownership of your home

Equity release schemes are available to those aged 55 and older. To find out more about equity release schemes and the other options available to you and get free advice, fill out our simple form and an advisor will contact you to discuss whether equity release is right for 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.