Equity Release

Equity release is a financial product that allows homeowners over the age of 55 to access the equity in their home. It lets them release some of the value built up in their property and turn it into a tax-free lump sum or regular income. The money released can be used for any purpose and is often used to supplement retirement income, pay off debts, purchase a new home, pay for home improvements, or medical costs. It is often seen as a complicated product which might put some people off. I would urge you to call us if you would like to have a conversation and understand more about how equity release can provide funds where they are needed.

This is a lifetime mortgage plan.  To understand the features and risks, ask for a personalised illustration.

If you take out an equity release plan too early in life, you may not have enough value left in your home to move to a property later on 

Using equity in your home will affect the amount you are able to leave as an inheritance

State benefits may be affected by any equity released

Taking out an equity release scheme will affect you in the short and long term. You need to be sure you are happy with the scheme now and that it will suit your objectives now and in the future as far as you are able to judge.