Home Equity Release

Home equity release enables you to unlock cash from the value of your home, which is tax-free and can be used for any purpose. An equity release mortgage is where you borrow against the value of the property and this capital is repaid, plus accrued interest, when the house is sold upon death. Other features of home equity release include:

You retain ownership of your home
Get a boost to your retirement income without having to move
Use the money for any purpose, such as a holiday, new car or home improvements
It is available to those aged 55 and older
The remaining value of the house can be left to heirs
No monthly repayments

Home equity release schemes can be a great way of unlocking the value of your home, but the plans differ in interest rates and other factors, so it is a good idea to get advice before making up your mind. Fill in our simple form and an advisor will contact you and give you more information about home equity release and other options available to you to boost your retirement income.

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.