The value of your home minus any outstanding mortgage can be described as your 'equity'. Equity release is the process whereby this is turned into cash, which you can then spend on whatever you like.
If you are a homeowner, aged 55 or over, you could be eligible to take advantage of soaring house values by releasing equity from your property. This can significantly improve your standard of living - enabling you to benefit from the comfortable retirement that you deserve.
The two main types of equity release plans available are lifetime mortgages and home reversion plans.
Both types of equity release plan allow you to
· Safely release equity from your home
· Spend the funds as you wish
· No monthly repayments to make in your lifetime
· Move if you wish (subject to provider criteria
· Stay in your home for life
With a lifetime mortgage, which is the most popular form of equity release, you continue to own your home throughout.
Find out if you qualify by calling us on 07905 644642