Equity Release

Asset Rich, Cash poor?

You’ve worked all your life, paid off your mortgage, the kids have flown the nest now it’s your time to relax and do the things you want to.  The only problem is you can’t afford to.  Your house is likely to be the biggest asset you will ever have, so why not release some money from it?

Guide To Equity Release

You could use an equity release plan

• To pay off any debts and interest only mortgages,
• Buy a home in the sun,
• Help your children get on the housing ladder,
• To take that dream holiday,
• or almost anything you want.

Equity release will reduce the value of your estate and can affect your eligibility for means tested benefits.

Your home may be repossessed if you do not keep up repayments on your mortgage. Equity release products can lead to a reduction in equity in property, which may make it difficult to move home. The value of your estate may be reduced.  There may be a reduction in state benefits allowed so it is recommended you take advice in this area