Releasing Equity For Retirement

If your income needs a boost, you could think about releasing equity for retirement in order to make your life more comfortable, go on a trip or make home improvements. Releasing equity for retirement works by borrowing money against the value of your home, in the form of a lifetime mortgage. This is paid back, together with accrued interest, from the sale of the house upon your death. Advantages of releasing equity for retirement include:

A tax-free cash boost
The money can be used for any purpose you choose
You retain ownership of your home
Your heirs will inherit the remaining value of your home

Equity release is only available to those aged 55 or older. If you are interested in releasing equity for retirement and want more information and advice on whether it is suitable for you and the other options available, then fill out our quick form and an advisor 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.