How equity release works
Equity release schemes are also commonly known as equity release mortgages. Age Partnership is an independent specialist advisor that recommends a variety of equity release mortgage packages to cover all your needs. There are many different types of plans to choose from. Each one offers something a little different but they are all designed to benefit the homeowner by releasing tax-free money from your home for you to spend or invest elsewhere, without having to make regular repayments.
Turn the value of your home into cash with an equity release mortgage
For many, the home is their biggest asset but if all your money is tied up in bricks and mortar for the rest of your life, how can you reap the rewards of a lifetime of mortgage payments? Equity release mortgages are a great way of turning the value of this asset into cash so that you can afford to live the retirement you have worked for.
You could say that equity release mortgages afford you the opportunity to supplement your pension fund, so that extra money is available to you at a time when you can enjoy it most in later life.
Depending on which equity release mortgage you opt for, Age Partnership can access plans that will give you either a lump sum or the option to release your cash over time as and when you need it. The equity release mortgages recommended by Age Partnership are flexible for your convenience.
Can I still own my home with an equity release mortgage?
The simple answer to that question is - Yes. If you choose a lifetime equity release mortgage plan provided through Age Partnership then you would continue to own your home 100% for the duration of your life or until you move into long term care. Only after you have vacated the property or after you pass away is the property sold and the equity you have released is repaid from the proceeds of the property.
Of course, to enjoy the many benefits of your equity release mortgage it is vital to choose the right plan to suit your individual needs, this is where Age Partnership comes in. Our equity specialists work around the clock to ensure you receive the very best advice and guidance when considering your equity release options.
To find out more about equity release schemes from Age Partnership, give one of our consultants a call on freephone 08080 555 222 - 24 hours a day, seven days a week.