Unlock cash from your home and enjoy a more comfortable retirement
Equity release is the collective name for products that provide home owners aged 55 to 95 with a way of releasing some of the wealth tied up in their property without having to sell it and move to another home.
For many people, their property is their biggest asset. Unlocking this value via equity release is an option being considered by an increasing number of over 55s as a way to help financially plan for retirement.
Equity can be released via a lump sum or in stages via drawdown to help provide an additional source of funds or income in later life, with a growing choice of product features and flexibilities:
With over 20 years’ experience in helping clients of all backgrounds to improve their standard of living in retirement, our advice service is dedicated to providing a safe, sound, common sense approach to finding appropriate solutions for our clients to achieve their retirement goals.
We put your needs and interests at the core of our advice service, treating customers as family members, providing the right solution to support you in your retirement. And as part of our advice process, we encourage involvement from your own family/ beneficiaries to help you in your decisions should you wish.
Equity release is not a one size fits all product and is not suitable for everyone. As part of our advice service, we will discuss and review eligibility for alternative options, including conventional and later life mortgages, as these may be more appropriate for some clients.
Our advisers will take personal responsibility for your application and ensure you are updated each step of the way.
We actively ask for and welcome customer feedback regarding our service which will help us to identify and address improvements opportunities.
All our advisers are members of the Equity Release Council and following strict guidelines, so you will be in safe hands. We will never suggest equity release, unless it’s right for you.
The value of the property
The age of the homeowner
How much, if any, the homeowner wants to leave as an inheritance
If you need to release equity for a specific one off expense such as home improvements or to pay university fees, it may be better to borrow a one off lump sum.
Rather than just receiving a one-off lump sum, you have the option to release your cash over time, as and when you need it.
Get a tax-free cash lump sum
The tax-free cash can be taken as either a lump-sum or you can 'draw down' the money as income depending on the option you choose
You still own 100% of your home with a Lifetime Mortgage
If you pay off your current mortgage with the lump sum, you can choose to spend the leftover cash on whatever you want
The money you release from your home could affect any means-tested benefits you’re entitled to now or in the future
The money you release is paid back after you die, from your estate. This means the size of your estate, and the amount you can pass on to your loved ones, could go down
The money you release from your home is a loan, and interest will be repaid when you die or if you move into long-term care
You have to take advice to release equity from your home. Initial advice is free, and there is no obligation. If you decide to go ahead the fee will be £995.
If you're looking to find some extra money in retirement, Equity Release isn't the only option. There are lots of alternatives like downsizing your home or taking out a personal loan.
