EQUITY RELEASE
ADVANTAGES
Release of a tax-free lump sum from the value stored in your home.
Access further smaller sums when required via a drawdown lifetime mortgage.
No interest repayments
required on the loan unless you choose to make them.
You have the right to remain in your own home for life or until you need to move into long-term care, as long
as your home is your main residence.
No negative equity guarantee, you will never owe more than the value of your home.
You can guarantee a proportion of the home's value for inheritance purposes.
EQUITY RELEASE
DISADVANTAGES
Compound interest, paying interest on interest
accelerates the debt over time.
The value of your estate reduces, and you cannot leave your home as an inheritance
Your entitlement to state benefits may be affected.
You will have to pay legal and advisor fees to set up an equity release plan.
Early repayment charges can be significant
Other options may be more suitable such as
downsizing, exploring local authority grants, a private family loan or taking in a lodger.
HOW DOES IT WORK?
STEP 1
REVIEW YOUR OPTIONS
STEP 2
RESEARCH
STEP 3
UNDERSTAND
First, we assess your needs and circumstances. Is Equity Release suitable?
We will research the whole of the later-life lending market to review your options
We will help you understand the cost, criteria and effect on
your estate over time
BRIDGING
LOANS
WHAT'S THE
NEXT STEP?
Request a no-obligation call back to set up your home face-to-face meeting to discuss your options at a time convenient to you.
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With appointments available across the South West including, Devon, Dorset and Somerset.
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Contact us and Jim will be in touch to book your appointment.
