Home Income Plan

Home Income Plan

Looking to raise tax free cash without moving home?

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Home Income Plan

If you are concerned about how you will fund your retirement, you may be considering a home income plan. Releasing equity in your home can be one way of increasing your income when you are ready to retire.

There are different types of equity release available, but with a home income plan you can:

  • Invest the cash lump sum loan you get on your home into an annuity that will give you a regular income throughout your retirement
  • Pay the interest on the loan regularly with your annuity
  • Pay back the amount borrowed when your home is sold if you die or have to move into residential care
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With a home income plan, the older you are the better as this will mean that you get larger payments from your annuity.

If you like the sound of a home income plan, our no obligation, equity release service may be able to help you.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE