RBS Equity Release
RBS Equity Release
An RBS Equity Release mortgage can help you release the equity in your property but still allow you to stay in your own home. With an RBS equity release mortgage, you can benefit from:
- Tax free cash – take it either as a lump sum, regular monthly payments, or a mixture of both
- No regular repayments – the interest will be added to the cost of the mortgage and payable on sale of the property
- No debt – a guarantee that you will never have to pay back more than your home is worth
- Still leave an inheritance – set aside a proportion of your property’s value to leave in your will
There are a wide range of lenders offering equity release products, including RBS. Equity release can help boost your retirement, but remember that as no capital or interest is repaid during your lifetime, the amount to be repaid on sale of the property will be greater.
If you are interested in RBS equity release, or need more information or advice about whether equity release is suitable for you and the range of equity release products on the market, fill in our simple form, and a specialist will compare the market for and contact you with the best deals for your circumstances.
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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.
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