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What is Equity Release?

Equity is the difference between the value of your home and any outstanding mortgage you may have. Equity release is the term used to describe the various ways a homeowner can benefit from the value of their home in later life, without having to move out of their property. By your mid-fifties you may have paid off your mortgage or be close to doing so but still find yourself short of money to spend or invest in other ways, because most of your funds are tied up in your property. Equity release helps homeowners release the cash tied up in their property so that they can improve their finances and enjoy a better way of life in retirement.

It's easy to release equity with Age Partnership

How much equity you are able to release depends on the value of your property and your age. In many cases, the older you are, the more cash you can release from your property. Equity release plans available through Age Partnership are available to homeowners from the age of 55+.

Because the equity is yours in the first place the cash you release from your house is tax-free and, unlike traditional mortgages, you don't have to worry about regular repayments. The cash is yours to spend as you wish enabling you to live the comfortable retirement you deserve.

Equity release schemes are flexible to fit your needs and there are many plans available through Age Partnership. You can release capital in the form of a lump sum of cash or, you can receive regular monthly instalments, depending on which type of equity release scheme you decide to go for.

Types of equity release available through Age Partnership

There are three main types of equity release plans available through Age Partnership. These are called Lifetime Mortgages, Drawdown Lifetime Mortgages and Home Reversion Plans. More details of these plans can be found by following the links on our website.

It's important that you choose the right plan to suit your individual needs and that's where Age Partnership can help. As independent equity release specialists we are on hand to research the entire market and guide you every step of the way in your decision-making. Simply call our 24 hour equity release helpline on free phone 08080 555 222 for advice or to find out more about the service we offer.

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