Equity Release - unlocking money from your home
The right equity release mortgage can reward you with great financial perks in retirement. If you are 55+ and your home is worth £50,000 or more then you may be eligible for a lifetime mortgage, drawdown mortgage or home reversion plan.
Enjoy a debt free retirement with Equity Release
Whether you opt to take a tax-free lump sum through a lifetime mortgage or receive your cash by installments with a drawdown mortgage, it should be enough money to clear any other outstanding debts such as credit card payments or car loans, letting you enjoy a more relaxed and financially worry-free retirement.
Use Equity Release to clear your mortgage
An increasing number of retirees are turning to equity release to pay off mortgages. Homes generally increase in value over time yet many people are still left paying thousands of pounds on their property years later. By releasing the equity in your home, you will have more access to your monthly income than ever before.
Financial security and peace of mind with Equity Release
All those big retirement plans can often seem out of your reach especially with the rising cost of living. The additional disposable income that you can obtain through equity release lets you enjoy a much more comfortable retirement.
Guaranteed inheritance to your loved ones
You might choose to release only part of the equity locked in your property and you continue to own the rest. This means that when the property is eventually sold you will have left a percentage of the sale proceeds to your loved ones. You will know at the outset what percentage you are leaving to loved ones in your estate.
Deciding which Equity Release plan is right for you?
Equity release mortgages give you control and flexibility over your cash and there are several options to choose from including the lump sum option or increasing cash reserve option. To find out which equity release plan is right for you call an independent equity release specialist and they will be able to talk you through your options and answer any questions. A good equity specialist should provide you with a free quotation and there should be no obligation to buy.
For no-obligation advice on whether equity release could help you and information on the best plans please call our 24 hour helpline and speak to one of our advisors:
Or use the comments box below to ask a question.
Equity Release may involve a Lifetime Mortgage or Home Reversion Plan. To understand the features and risks ask for a personalised illustration.
Age Partnership provides initial advice at no cost and without obligation. Only if you choose to proceed and your equity release case completes would a typical fee of 1.5% of the amount released or £795 be payable.
Important things to consider about equity release:
- Equity release could affect your current or future entitlement to means-tested benefits
- Releasing equity to spend in your lifetime can reduce the amount that is left in your estate when you pass away
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