Unlock the potential with Equity Select
Offering friendly, independent equity release advice
Equity Release Ashby de la Zouch
As you approach or enjoy retirement, you may be considering ways to boost your income, cover unexpected expenses, or simply enhance your lifestyle. With people living longer and pensions often under strain, it’s natural to look for greater financial flexibility.
For many homeowners in Ashby de la Zouch, a large part of their wealth is tied up in their property. Equity release allows you to unlock some of this value, giving you access to tax-free cash that can support your retirement plans.
At Equity Select, we specialise in providing clear, independent equity release advice tailored to local residents in Ashby de la Zouch and the surrounding areas. Since 2018, we’ve helped homeowners release equity from their homes safely and confidently, ensuring they understand all their options before making a decision.
Whether you want to supplement your pension, help family members financially, or enjoy the retirement you deserve, Equity Select is here to guide you every step of the way.
The property will be sold once the last surviving spouse of a couple or you as a single person have either moved into long-term care or have passed away. The sales proceeds are used to repay the equity, and any money left over forms part of your estate.
Whether you’re single or one of a couple, if you need care in your home, this isn’t likely to affect the terms of your plan. For couples, if one of you leaves to go into a care home, the other can continue to live in the property, and your plan is normally not affected. The plan will end if both of a couple or you as a single person have to move into a care home.
Yes, there are plans that allow you to leave a percentage of your property’s value to your beneficiaries. In addition, any funds remaining after the plan has been paid in full will be left to your estate automatically.
No, the equity release funds are tax free and may be spent in any way you wish.
Yes, you may pay the equity back early, although this might be subject to early repayment charges. We’ll explain these in full at our initial meeting, as there are different options associated with each equity release product.
Depending on the equity release product, you can either make monthly interest payments, ad hoc partial interest payments or no monthly payments at all. We’ll discuss this when deciding on the best plan for your needs.
You’ll be responsible for having both the relevant insurance policies in place for your property and for maintaining the property as it is your home.
Potentially. The providers Equity Select work with offer a “no-negative-equity guarantee” to ensure that you are protected in the event that you fall into this situation
Subject to the lender’s criteria, you may transfer your existing plan to a new property. Alternatively, you can repay the loan using some of the sales proceeds from your property. There may be Early Repayment Charges depending on your lender.
With a lifetime mortgage, yes, you’re in control and may live in your home as long as you want to. With a home reversion plan, the reversion company will own all or part of the property, although you may live in it for the rest of your life.
Yes, though you’ll have to use the funds released to repay your outstanding secured loans. Any money left over will be for you to spend as you wish.
Allan Robertson IFA
Certificate in Regulated Equity Release
Diploma in Financial Advice
Certificate in Mortgage Advice and Practice
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.
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.
Allan explains everything clearly, takes the time to understand our circumstances, and always makes us feel confident that we’re making the right decisions for our future. Nothing is ever too much trouble, and he’s always approachable, responsive, and genuinely invested in helping his clients.
Thanks to Allan, we feel far more secure and informed about our finances than we ever have before. If you’re looking for a financial advisor who is knowledgeable, trustworthy, and truly cares, Allan is the one.
