Equity Release Explained
You may have heard this term for several things such as remortgaging your house or selling and renting back your house, but for these purposes equity release is the phrase used to describe the regulated plans called Lifetime Mortgages and Home Reversion plans.
Both are regulated by the Financial Services Authority and are available to help people release the equity they have tied up in their homes without them having to move.
Regulated equity release has increased in popularity over the years and the flexibility and safeguards which are built into equity release plans have enabled thousands of home owners to tap safely into their biggest asset, their home, without having to worry about making monthly repayments.
If you are thinking of taking out an equity release plan then you need to find out as much as you can about your options and weigh up the advantages and disadvantages fully before you decide if equity release is right for you. Contact us today and take the first step towards releasing the capital you require.
Your home may be repossessed if you do not keep up repayments on your mortgage
To understand the features and risks ask for a personalised illustration
An equity release plan will reduce the value of your estate, will not be suitable for everyone and may affect your entitlement to state benefit.
Need help? Give us a call or request help by sending us a message through our contact page.
Simply click on the Contact us tab to the right.