Equity Release Explained
You may have heard this term for several things such as remortgaging your house or selling and renting back your house, but for these purposes equity release is the phrase used to describe the regulated plans called Lifetime Mortgages and Home Reversion plans.
Equity release includes Lifetime Mortgages and Home Reversion Schemes. We will refer you to an approved specialist for Lifetime Mortgages and Home Reversion schemes. To understand the features and risks, ask for a personalised illustration.
Regulated equity release has increased in popularity over the years and the flexibility and safeguards which are built into equity release plans have enabled thousands of home owners to tap safely into their biggest asset, their home, without having to worry about making monthly repayments.
If you are thinking of taking out an equity release plan then you need to find out as much as you can about your options and weigh up the advantages and disadvantages fully before you decide if equity release is right for you. Contact us today and take the first step towards releasing the capital you require.
We are not authorised to provide advice for equity release. This will be passed to a suitably qualified and authorised financial adviser, to understand the features and risks ask for a personalised illustration
Equity release is a life time mortgage which will reduce the value of your estate, will not be suitable for everyone and may affect your entitlement to state benefit
Depending on the adviser you are referred to there may be a fee for equity release advice the value of which will be confirmed at any initial meeting
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