Regular Income Equity Release

If you would rather get a frequent boost to your retirement income rather than a big cash lump sum, then you can opt for a regular income equity release plan which does just that. It gives you a regular income instead of giving you all the money at once. Like a standard equity release plan, it allows you to borrow against the value of you home and unlock cash to use for other things. There are a number of advantages to equity release, such as:

A regular income equity release plan means you won’t spend it all at once
The cash is tax-free and can be used for any purpose
The remaining value of your home can be left to heirs
You retain ownership of your home
A boost to your income without having to move house

Equity release is available to those aged 55 and older. If you want to learn more about regular income equity release and the alternatives available to you, you can get free advice by filling in our quick form and an advisor will get in touch with 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.