Your Equity Release

ABOUT EQUITY RELEASE

Equity release is a way of raising extra money for your retirement. Money raised by taking out an equity release plan are tax free and can be spent as you wish. Your home is probably your biggest asset and your equity in your home has increased significantly over the last 25 years. When you release equity from your house you will still be able live in your home for the rest of your life with no monthly repayments. There are two common forms of equity release they are a home reversion plans and life time mortgages.

Equity release is a proven way for UK homeowners to inject extra money into there retirement and make life that little bit easier. Money raised by an equity release plan can be used for any purpose whether it's to maintain or improve your life style, take regular breaks and holidays, buy a new car, home improvements or home maintenance. You have worked hard all your life releasing equity from your home will help you enjoy your well earned retirement. don't struggle life how you want with the money that is tired up in your home.

The difference between the value of a property and the loans or mortgages secured against it, is known as ‘equity’

Equity Release could be defined as the transfer of interest in the property, from the owner to another party, in exchange for a cash sum, or regular income. The equity is therefore released.

Gone are the days when after you retire you sit in front of the TV, or tending your allotment! You may want to travel, and experience new things, and generally enjoy a full life. A worrying factor however, is the much publicised pension ‘crisis’, state pensions under threat of diminishing, company schemes with low returns, usually due to low contributions. Equity Release is an effective way for homeowners to use their property to increase retirement income, or for cash lump sum payments.

There are two ways in which you can release equity from your property.