Equity Release can help you in your later life

Equity Release can mean you release money without having to move home. The Equity built up in your home can be released if you need some funds you can spend the tax free cash on your home for improvements, holidays, pay off debts, gift to your family to see them benefit from an early inheritance or a new car, a caravan, a campervan, a motorhome.

With Equity Release you will have peace of mind knowing that all plans meet the Equity Release Council standards which are

You have the right to remain in your home for as long as you choose

You have the freedom to move to another property without financial penalty (subject to criteria)

You will never owe more than the value of your home with a no negative equity guarantee.

If you are thinking of taking out Equity Release it is vital to get Independent Equity Release advice from the whole market to ensure you get the best terms for your needs.

The most popular method is a Lifetime Mortgage which is a loan secured on your main residence. It will reduce your value of your estate and may affect your entitlement to means tested benefits. You have the choice of letting the debt roll up over your lifetime or making monthly interest payments to paying ad hoc payments each year if you choose up to an agreed amount depending on the scheme you take out.

It is also wise to decide do you need an initial capital lump sum and future drawdowns up to an agreed amount or a one off lump sum. The most important thing to remember is to seek advice from an adviser who will look at all of the options available to you. If you do not need Equity Release it does not make sense to take money that you do not need but if you have the need for funds and remember it is your own property that you would be taking money out of then Equity Release may be what you need.

If you are interested in Equity Release please contact

EQUITY RELEASE MONEY on 07985903620 or 01244322199

www.equityreleasemoney.co.uk

Posted by Mark Reynolds