Equity release makes it possible to obtain a lump sum or additional income from your home. Our team of Equity Release advisers can help.
Equity release makes it possible to obtain a lump sum or additional income from your home. It is typically available for those who have retired, own their own home and are over the age of 55.
There are two main options when looking to release equity from your home:
These allow you to take out a loan on your property in return for a tax-free lump sum, an income or a combination of the two. Much like a standard mortgage, the loan is secured against your property and you continue to own your own home.
Home Reversion Plans
These plans involve you selling part or all of your home to an insurance company in return for a lump sum or regular income. You retain the right to live in the property until you die or go into long term care.
Our advisers have the Equity Release qualification which allows them to discuss and advise clients who are interested in taking out any of the above schemes. It is important to discuss these with a suitably qualified adviser first to ensure such a scheme is suitable.