Our services: equity release

If you are over 55 and retired, or about to retire, you may find that your retirement income isn’t enough to let you live the life you want, or even the lifestyle you had before retirement.

But after the years you have spent paying for your home, it could now return the favour.

Equity release allows homeowners to release some of the value tied up in their home, without having to move or make monthly repayments.

It can help put you firmly back in control so that life can be much more comfortable and give you the financial freedom to enjoy your retirement. Maybe you’d like to spend more quality time with family or friends, give your children or grandchildren a helping hand when it matters most, undertake some home improvements, experience new places with a touch of travel, or perhaps pursue a much neglected leisure activity.

Lifetime mortgages are currently the most popular type of equity release. These mortgages allow you to release cash from your home as one lump sum, or as and when you need it, rather than having to take all the money in one go. The full loan is repaid on death or when you move into permanent long-term care.

You may have a number of options available to you, for example, savings or assets to draw on. If not, your home may be the only source of wealth that you could use to boost your retirement income.

This is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration.

To find out more about what we can do for you, please contact us.