The equity (value) you have in your home is its open market value less any other mortgage or other debt secured against it. Equity release is a way of getting cash from the value of your home without having to move out of it.
Equity release is a fantastic opportunity to improve your lifestyle by releasing the cash tied up in your home. We can help you raise money:
- on your main home, or
- on a holiday or second home perhaps
- or a buy to let property – even if it is let on a shorthold tenancy…
Borrowing money to fund lifestyle is a big step and one that you should always seek advice on.
There are two types of product in this market:
- lifetime mortgages
- home reversion plans
Make sure you understand the difference and get advice on which is best for you.
We only work with companies that subscribe to the safe home income plan guarantee supproted by the Equity Release Coucil. Follow this link for further information http://www.ship-ltd.org/
We are also members of the Equity Release Club.
For advising you, sourcing an appropriate product from the whole of the market, processing the case with the lender and liaising with your lawyer we normally charge a fee of £450. We will also receive introductory commission from the lender. This would come out of the lenders’ standard product charges.
To fully understand the features and risks of an equity release product ask for a personalised illustration and our expert advice.
Follow this link to download our free Equity Release Calculator: Equity Release Calculator