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EQUITY RELEASE

Equity release products enable you to access the equity in your home. You can access a lump sum or regular payments from your home’s equity without having to move. This money could be used to supplement retirement income, pay off debts or make one-off purchases such as home improvements. 

It’s important to seek financial advice due to the complexity of Equity Release as it isn’t suitable for everyone. Get in touch and we can help you further understand Equity Release, and whether it’s right for you and your future.

A Lifetime Mortgage is not suitable for everyone and may affect your entitlement to means tested benefits, so it is important to seek financial advice before taking any action. If you are considering releasing equity from your home, you should consider all options available before equity release.

The interest that may be accrued over the long term with a Lifetime Mortgage, may mean it is not the cheapest solution. As interest is charged on both the original loan and the interest that has been added, the amount you owe will increase over time, reducing the equity left in your home and the value of any inheritance, potentially to nothing.

Although the final decision is yours, you are encouraged to discuss your plans with your family and beneficiaries, as a Lifetime Mortgage could have an impact on any potential inheritance. We would also encourage you to invite them to join any meetings with your Financial Adviser so they can ask questions and join in the decision, as we believe it is better to discuss your decision with them before you go ahead.

Jay helped a member of the family with a mortgage for the over 70's when the banks were saying no, he worked some magic and managed to save hundreds of pounds per month as well. Fantastic service, very professional and highly recommended.