Mortgage Equity Release plans – their attractive features

Equity release will not suit everyone. It is always worth considering whether funds could be raised affordably from other sources before going down this route. So why do people find them so attractive?

• They can give you a lump sum, a regular income or both. The lump sum could be tens of thousands of pounds; the income boost might be worth as much as a hundred pounds a month or even more depending on the currenct value of your property.
• You don't have to move house or sell your home to unlock equity. Rreputable equity release schemes offer a rock-solid guarantee that you will be able to continue to live in and enjoy your home until the day you die or go into long-term care. In many cases still be able to leave something of the property's value to your family.
• Your money is released from the value of your principle residence and is free of tax, Bur please note that if the cash is then invested there may be tax to pay on any income or growth.
• Equity release plans are a perfectly legal way of mitigating inheritance tax. They could be used, for example, to give your love ones the deposit to buy their own property.
• Cut down on inheritance tax bills. Inheritance tax kicks in at 40% on everything left behind over £312,000 (2008/2009). this figure includes the value of your home.
• If you don't have children or family to leave your property too, then equity release might seem an even more attractive concept.
• They can also be used to pay for care bills without having to sell your home.

According to Norwich Union, in October 2002 1 in 10 homeowners aged 55-70 were looking to release equity as a means of boosting their retirement income. It can be expected that many more people will look to release equity from their properties while interest rates remain low.

For further information, please call us on tel: 01268 573 306 or email us

EQUITY MORTGAGE RELEASE - APPLY TODAY

Equity Release is when you use the value of your home to receive either a lump sum of cash or regular monthly instalments. Depending on the amount of equity release you can get depends on your age. A person of an older age can release a higher percentage of the value of their home, than a person of a younger age, as they are not expected to live as long. There is no maximum age limit for equity release, although applications are not usually granted for anyone under the age of 55 years. Use the equity release calculator to see the potential amount you can with draw from your property.

What are the features of equity release?

• You receive a cash lump sum to spend on whatever you want. Including giving it to family
• Take money as a lump sum or monthly instalments as and when you need it
• You can continue to live in your home until you die or go into long-term care.
• Reduce inheritance tax for your family / loved ones
• Fixed interest rate for the life of the loan
• Provided by many of the most trusted financial service companies in the UK.
• You can still move if you want to, as long as your new property meets the terms and conditions.
• We will listen to what you want from your retirement and discuss all the options with you.

Is equity release right for you? We aim to offer you an equity release scheme that fits your personal circumstances. If you can answer yes to all these questions then you may be eligible to an equity release scheme

• Are you over 55 years?
• Are you a homeowner?
• Is your property of standard construction in UK?
• Is your property valued at £75,000 or over?
• You may be eligible for equity release offered