Equity Release
Equity release is an agreement between an older homeowner and
a lender that allows the homeowner to unlock the money tied up
in their home.
This money is tax-free cash and enables the homeowner to afford
to live the retirement that they have worked for.
Use our free simple
tool to see if you are eligible for equity release
For many, the home is the greatest asset. Home equity release
mortgages and home reversion plans are a way to transfer the
value of this asset so that the homeowner can take advantage of
their lifetime of mortgage payments.
Home equity release mortgages turn a home into what is
effectively a pension fund so that extra money is available in a
time where income is relatively low.
What are the benefits of equity release?
As equity release is for those aged 55 and over, most of
those opting to pursue it will have no real source of income
apart from what they have already set aside. The trouble with
this is you can only set aside what you have anticipated
spending.
Retirement frees up an awful lot more time than the working week
does. It is likely, however, that your pension was based on what
you were spending whilst you were working. Even if you don't
think it was, chances are it will be as the working life is all
you have known for a very long time.
Use our free simple
tool to see if you are eligible for equity release
Now you have the freedom of retirement but are having to live on
a pre-set budget.
Throughout your lifetime, mortgage payments will have been your
biggest expense. Equity release and home reversion plans
effectively turns these mortgage payments into a pension fund.
To release equity is to unlock the money tied up in your home.
Many retirees feel that they miss work when they finish. But
many simply do not have the finances to be getting on with the
more interesting things in life such as world travel or visiting
family.
How to apply for further advice about equity release
Simple fill in our
Free confidential equity release form to find out more about
equity release schemes and which ones are most suited to your
circumstances. You are under no obligation at any time to enter
any equity release scheme.
Possibilities for equity release cash
- Release equity to go on that world cruise you have always
wanted.
- Use equity release to clear off existing debt
- Home reversion plans can make life more manageable
- Visit family in foreign countries
- Buy a holiday home in your favourite destination
- Make some home improvements
- Help your family out in times of need
- Equity release mortgages can pay for you to extend your
home to accommodate family
Apply FREE for
more no obligation information about Equity Release
schemes today |
