Equity Release Mortgages
Equity Release is a process that allows you to release money stored up in your home without the need to move. A homeowner of any age can release equity from their home by re-mortgaging; however there are specialist Equity Release Plans available to homeowners aged 55 or older that allow you to release money without having to make any monthly repayments.
The Benefits of Equity Release
- Boost Retirement Income
- Fund Home Improvements
- Enable you to take the Holiday of a Lifetime
- Repay credit cards/loans/mortgage
- Gift to your family
- Fund health costs
- Reduce Inheritance Tax liability
The list continues. The monies can be used for whatever your heart desires.
There are two main types of Equity Release schemes as shown below:
Equity Release Schemes can be helpful in certain circumstances but are not suitable for everyone. Increases in capital or income resulting from an Equity Release Plan may affect your right to state benefits.
For further information please contact our Equity Release Specialist Heidi Nuthall on 01603 218381 or use our Equity Release Mortgages Enquiry form.
Initial consultations are free. Should you then wish to act upon our advice a fee is charged. Our standard fee for Equity Release Plans is £500 payable on completion of your plan. The lender or mortgage provider will normally pay us an introducer fee providing your plan completes.
Related External Links
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