Home Equity Release Schemes

If you wish you could boost your retirement income or offer your family financial help, you could consider home equity release schemes as an option. Home equity release schemes come in the form of a mortgage and they work by releasing cash from the value of your home which is not paid back until the house is sold upon death, when both the capital and accrued interest is repaid. There are a number of advantages to home equity release schemes, such as:

The money can be used for any purpose and is tax-free
You retain ownership of your home
There are no monthly repayments
You family can inherit the remaining value of the property

Find out more about home equity release schemes and the other options available to you and talk to an advisor by filling out our quick form and someone will contact 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.