If you are over 55 and own your home, you may be able to use equity release to generate tax-free capital.
Equity release can help older homeowners convert the capital ‘tied up’ in their home into a lump sum, a regular income, or sometimes both. You retain the right to live in your home for the rest of your life.
Releasing the equity from your home can enable you to enjoy a more fulfilling and enjoyable retirement using the extra capital. However, there are potential consequences to consider.
Equity release may affect your entitlement to certain state benefits, as well as reducing the value of your estate and the inheritance you can pass on to your family after your death.
It is therefore recommended that you seek financial advice when considering the appropriateness of equity release for your situation.
Here’s how we can help:
We will assess your financial situation in order to determine whether equity release is suitable for you.
If we determine equity release is appropriate, we’ll help you establish the best way to take the capital you receive; whether that’s through a lump sum or regular income instalments.
We will give you honest, realistic advice and thoroughly explain the risks, costs and implications for your family.
If equity release is not the best option for you, we will work with you to find alternative solutions.
If you need financial advice in relation to Equity Release, we are here to help. Fill out the form below and someone will be in touch.
Equity released from your home will be secured against it