Private pensions give added reason to release equity tied-up in homes
Increasing numbers of people will be feeling the effects of the recent events in the economy. There is a risk that people with private pensions that are invested in the financial markets may have seen their investments fall in value.
However, for those who are 55+ and homeowners, equity release could be the perfect solution. By using their homes to raise a tax-free lump sum or regular additional income, the over 55s could keep their standards of living consistent by using the funds released to supplement their pension income.
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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