Is Equity Release For You?
Would you like to;
Continue your interest only mortgage with no specified end date
Raise some moneys against your home
Help your nearest and dearest onto the property ladder
Clear all your debts and consolidate them into one manageable monthly payment
Go on a special once in a life time holiday
Take out a tax-free lump sum with no monthly payments secured against your property
Purchase a holiday home
Help pay for care in the home
Reduce your inheritance tax liability
If you do Equity Release might just be the product for you.
But first of all what it equity release? it’s a way of releasing capital from your home. It is paid to you tax free and you are free to do with it as you wish.
You can either make a monthly payment towards either the capital and interest or just the interest. Or conversely you can roll the interest into the mortgage using up the remaining equity, the interest would usually roll up on a compounding basis.
This would then normally be repayable when you either died or went into residential care.
Over the years equity release has received a lot of bad press and based on this you could quickly reach the assumption that equity release isn’t for you.
But for all the bad publicity out there this product is right for many clients we see on a daily basis. If you are aged over 55, own your own home – with or without a mortgage book your free consultation today.
You can do this by calling us on
01473 550591 or 01206 911401
A lifetime mortgage is a long-term commitment which could accumulate interest and is secured against your home. Equity release is not right for everyone and may reduce the value of your estate