What Is Equity Release?

Equity Release is a lifetime mortgage or home reversion scheme. To understand the features and risks, ask for a personalised illustration.

If you want to release money from your home without having to move then Equity Release is for you.

The equity in your home is the difference between what you've paid and what you owe on your debts that are secured against your house.

Homeowners over the age of 55 have the ability to release money from their property without having to make any monthly payments. And since the equity is yours, there is no tax to be paid on any funds you receive.

Homeowners over the age of 65 have access to the Home Reversion Plan which allows them to retain 100% of their home and sell either all or part of their property.

Why Choose Equity Release?

There are many reasons why people choose equity release. It gives you the freedom to enjoy your retirement without having to move from your home.

One of the best advantages of equity release is that you don't have to move out of your home. For many, their home is a happy place full of memories and the prospect of moving and starting again is not ideal.

Here are some examples of what people use equity release for:

• Home improvements
• Helping family members
• Pay existing debts
• Help improve lifetstyle
• Holidays

Possible Drawbacks

Equity release is not the right solution for everyone and before we provide you with any infromation, we will look at all alternative options in order to ensure we are giving you the best possible advice.

During the process, we do encourage you to involve your family as equity release will reduce the value of your estate.