Equity release:

live the life you want

When you’re heading towards or starting your retirement, you may find yourself wanting a little extra money for any number of reasons: people are living longer, you may have unexpected demands on your finances from family, or your pension(s) may not be living up to expectations.

This can feel as though you have no freedom to achieve any further life goals. It’s often forgotten that a large proportion of your wealth is locked up in your property.

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What is equity release?

Individuals aged 55 and over can release some of the wealth tied up in their property without having to sell it.

If you, as a homeowner, decide to use equity release, you can draw a lump sum or regular smaller sums from the value of your home whilst still residing there. There are plans through which you can take as little as £10,000 tax free and leave further funds in reserve for when you need them.

The two equity release product types available are the lifetime mortgage and the home reversion plan, both of which are regulated by the Financial Conduct Authority (FCA). In the modern equity release market, there are various different features that go with these products. With providers coming up with new features all the time, there’s bound to be an equity release plan to suit your particular requirements.

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Am I eligible?

If you’re a homeowner aged 55 or over with a property worth at least £70,000, then you may qualify for equity release.

Where do you start?

You’ll have a lot of questions when approaching equity release planning, and you’ll need to think it through carefully, with all your options laid out in front of you, but where do you start?

It’s important to have an experienced and independent adviser to help you throughout the process. We’ll make certain that we give you the best advice from the current market, as well as from our own knowledge and experience, and in a clear and completely understandable way. We come to you, operating throughout the UK as well as from our offices in Burton on Trent, Lichfield and Ashby de la Zouch.

Equity release may involve a lifetime mortgage or a home reversion plan. To understand the features and risks, ask for a personalised illustration. Equity release may impact the size of your estate and it could affect your entitlement to current and future means-tested benefits.

Equity release calculator No Personal Details

Use our calculator to see how much equity you could release from your home, No personal details required.

If you decide to take out a lifetime mortgage, you must take the following points into consideration:

It can reduce the amount of inheritance you’ll leave behind to your friends and family.

It may affect your tax position and the welfare benefits you’re entitled to.

Interest will be added to the amount you’ve borrowed plus any interest already added, which is known as compound interest.

If you decide to repay the loan early, there may be an early repayment charge.

Equity Release Calculator

The amount shown is only an indication and isn’t guaranteed. To calculate this amount, we compare your age and property value to our “loan to value” table. This allows us to work out what percentage of your home’s value is available to you.

For a personalised illustration, please contact us directly.