EQUITY RELEASE

What is Equity Release ?

Most people's biggest asset is their home. The average house price in the UK has risen significantly over the last 20 years.

Put simply, Equity Release is a way of releasing some cash from the home without having to move. Two of the most common ways to release cash and remain in the home are:

• Lifetime Mortgages
• Home Reversion Plans

There are no monthly repayments.

With a Lifetime Mortgage the loan and interest are repaid by the sale of your property when you die or go into long-term care. The interest charged throughout the term is calculated on the total of the amount borrowed and the interest already added, which quickly increases the amount you owe.

With a Home Reversion Plan you sell part, or all, of your home to our reversion provider. They pay out a lump sum at the start of the plan. However, because the money is provided upfront and you continue to benefit from living in your home, you will get less than the full market valuation of the property. When you end the plan, die or go into long-term care, the reversion provider will sell the property, take their share of the money and pay the balance, if any, to you or your estate.

If you choose to take out a lifetime mortgage the value you have in your property will reduce over time possibly to nothing. With a reversion plan the proportion of the value of your property that you keep will immediately be reduced. Therefore, in both cases, you will reduce the amount of any inheritance you leave.

For further details please complete the form below and we shall contact you. If you need to speak with somebody right away then please do not hesitate to telephone on 0845 257 9302 and speak to one of our qualified Equity Release specialists.

If the solution includes an Equity Release/Home Reversion plan, to understand the features & benefits, please ask for a personalised illustration