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Your equity release calculation details
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What are my next steps?
Please give us a call on Freephone 08080 555 222, our friendly team can discuss the following with you;
- If we can find a residential mortgage that is right for you
- If a Retirement Interest Only mortgage (RIO) could suit your circumstances
- Whether you could access your pension and use this to boost your finances.
Equity release will involve a home reversion plan or a lifetime mortgage, which is secured against your property and will reduce the value of your estate and impact funding long-term care. We provide a personalised illustration to explain the full details. The money you release, plus the accrued interest is then repaid when you die or move into long-term care. Advice is required before proceeding with equity release and any existing mortgage must be repaid.
Think carefully before securing debts against your property. your property may be repossessed if you do not keep up repayments on your mortgage. We provide initial advice for free and without obligation. Only if your case completes would our advice fee of £1,895 be payable. Other lender and solicitor fees may apply.
