Equity Release Schemes in Bedfordshire, Hertfordshire & Buckinghamshire: Expert Guidance
Equity Release
Equity release is a way for homeowners aged 55 and over to access the wealth tied up in their home without having to sell it or move out. The money released is tax-free and can be used for any purpose, such as:
- A lump sum for a large expense, such as home improvements or a holiday
- Regular payments to supplement your income
- To pay off debt
- To care for a loved one
There are two main types of equity release:
Lifetime mortgage: This is a loan secured against your home. The interest on the loan rolls up over time, so you only repay the capital when you die or move into long-term care.
Home reversion: This is where you sell part of your home to a provider in return for a lump sum or regular payments. You continue to live in your home rent-free until you die or move into long-term care.
Equity release can be a good option for homeowners who need access to cash but don’t want to move out of their home. However, it’s important to understand the risks involved before you commit to an equity release plan. These risks include:
- You could end up owing more than the value of your home.
- You could lose your home if you can't make the payments.
- You may have to pay inheritance tax on the money you receive.
If you’re considering equity release, it’s important to get independent financial advice to make sure it’s the right option for you.
Our Equity Release Services
We are a fully qualified equity release broker and can help you find the right plan for your needs. We offer a free consultation and will work with you to understand your financial situation and goals. We will then compare plans from different providers to find the best deal for you.
We are committed to providing you with honest, unbiased advice and will never pressure you into making a decision. We understand that equity release is a big decision and we’re here to help you make the right one.
We are committed to providing you with honest, unbiased advice and will never pressure you into making a decision. We understand that equity release is a big decision and we’re here to help you make the right one.
Contact Us
To learn more about equity release or to book a free consultation, please contact us today. We would be happy to answer any questions you have and help you get started.
