Equity Release

Retirement Freedom

Your retirement years should be a time to settle down and really enjoy life. This could encompass going on dream holidays, achieving tasks around the home and garden that improve your lifestyle, devoting more time to hobbies and interests, and spending time with family and friends.

Of course, you'll still need money to help deliver most of this. Historically, your retirement years would probably have been funded by your pension (both personal and state), other applicable state benefits, along with any investments or savings you may have.

However, life is often never that simple and the economic climate over recent years may have put a dent in some of those expectations. On top of this, the impact of an ageing population is likely to mean that state support can only go so far.

Access to funds

The upside though for many, across the last few decades, is how the value of your home may have increased. This has resulted in a sizeable number being relatively cash poor, but asset rich through property wealth.

If you need extra funds, and are happy to move, then you could downsize and raise the money this way. However, should you wish to remain in your current home, then an alternative exists - an Equity Release plan.

There are a number of different options to help meet varying needs, but basically you can raise funds (up to agreed limits), and not even have to pay off any capital or interest at any point during your lifetime, if that's the route which best suits you. The provider of the loan would reclaim the capital (and any accumulated interest) through the sale of the property, once the final planholder dies or moves into long-term care.

Peace of mind

Of course, there are a number of areas that need to be considered to identify if it's right for you, and that's why you have to take professional advice.

And if it's a suitable option, then it may deliver funding to help tackle issues such as:

  • Paying off the outstanding amount on an existing standard mortgage loan.
  • Money to assist with repairs and renovations to the home.
  • Meeting day-to-day living costs and expenses.
  • Providing the holiday of a lifetime.
Equity Release, Releasing Equity in your house

To make an enquiry please fill out the form below and we will be in touch.