EQUITY RELEASE MORTGAGES OVER 55's

How they work

While there are a range of different Equity Release schemes available which offer lump sums or with some options a regular income, they all work on the same principle. They lend you a part of your home's value in return for a share of the proceeds when you die or go into long-term care.

• In most cases you will need to be
• Over 55 years?
• A homeowner?
• The property of standard construction in UK?
• The property valued at £75,000 or over?
• Then you may be eligible for equity release offered

Your house is almost certainly the most expensive asset you own; it is also your home. Good advice is the key. Equity release plans can be complicated products and you want to get the best advise available.

The Financial Services Authority and Age Concern, both recommend getting independent financial advice before proceeding with any equity release plan.

Our Independent Financial Adviser (IFA) will look at your overall finances to see if equity release is really the best option for you, help find the right type of scheme –

Things to bear in mind

In some cases you could risk losing state benefits and may have to pay extra tax give your full details to our Independent Financial Advisors where they can provide you with a detailed proposal plan and options available to you.

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