If you are a homeowner and are looking to generate income from your property in later life, there are a range of options available, bracketed under the general heading of Equity Release. These might include:
Clearly the decision to borrow money in your later years will have a considerable impact on the estate you can leave to your heirs. We will give you clear, realistic advice about what options will best suit your circumstances and we will only recommend providers who follow the Equity Release Council code of practice.
We have advisers who hold specialist qualifications to advise in this area. Please contact us for more information.
Equity release may involve a lifetime mortgage or home reversion plan. To understand the features and risks, please ask for a personalised illustration. Typical equity release advice fees will be £2,000.
CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT SEEK INDEPENDENT ADVICE.