Equity Release
Equity release is a way of freeing the money tied up in your home without having to move. You must be 55 or over and the money can be taken as a lump sum or as a series of smaller amounts after an initial lump sum.
What is equity release?
Why should you consider Equity Release?
What types of plans and schemes are available for equity release?
There are many plans available and our adviser will recommend the most suitable plan to suit your own personal needs. Lifetime mortgages can allow you to take a regular income or a lump sum or even several lump sums over the term of the scheme.
You can either opt to pay interest on the capital taken on a regular basis or let the interest ‘roll-up’. On the roll-up option, the interest accrued will be paid back at the end of the term meaning that you have no monthly repayments to make.
Important points to consider.
Whilst taking out an equity release plan does give you a boost to your finances, it is also vital that you are aware of some of the consequences. It is a loan secured against your house and the value of your estate will reduce. Your right to state benefits may also be affected as releasing equity from your home, may take you over strict tax thresholds. It is important to involve your family in any discussions around Equity Release as this will reduce their inheritance.
Call 0203 745 5893 for a free, no-obligation chat about the range of options available to you. info@peritus-group.co.uk
To read more about Equity Release please download our FREE PDF guide or read more about finding the right advice on our News Page.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
As this is a lifetime mortgage, to understand the features and risks, ask for a personalised illustration. Our initial consultation is free and then if you wish to proceed, there will be a fee of £495 payable upon application for our Lifetime Mortgage Service. We will also receive commission from the lifetime mortgage lender.
Send us a message today and our team of friendly, financial advisers will help you find the most suitable financial option to suit your current circumstances and needs.
or call us on: 0203 745 5893