Equity Release is a way for homeowners who are 55 years old or over to release tax free cash from the value tied up within their homes, and retain the right to stay in their homes – and there are no monthly repayments to make.
You have spent years paying for your home, now it could return the favour!
Today’s equity release plans are regulated by the The Financial Conduct Authority and provide the protection of the F.C.A. code of business rules together with the Financial Ombudsman Service. This means that thousands of older home owners are enjoying the benefit of these plans with confidence.
Great Stour Associates in Canterbury, Kent will only suggest plans from lenders who abide by the Safe Home Income Plans (SHIP) code of practice so you can have the peace of mind that there are guarantees in place to protect your future security.
The value of your home should be considered alongside pension funds, investments and savings as an integral part of your total retirement fund.
CONSIDERING EQUITY RELEASE?
Then talk to the Specialists who have access to the whole market for equity release transactions.
Equity Release is available to Homeowners from age 55 years.
Truly impartial advice that could save you thousands
Safe Home Income Plans Guarantees.
Equity Release may involve a Lifetime Mortgage
or a Home Reversion Plan.
To understand the features and risks, ask for a
Equity Release is a way for homeowners who are
55 years old or over to release tax free cash from
the value tied up within their homes, and retain the
right to stay in their homes –and there are no monthly repayments to make. The cash released can be used at the discretion of the homeowners for a wide range of purposes – see “Equity Release Case Studies”.
The Equity Release sector has changed dramatically for the better during the past few years and important advances in product design means that equity release can now be used in a far more strategic way than in the past.
For example, a Lifetime Mortgage can provide a Reserve Fund which allows the homeowner to take “ad hoc” tax free cash amounts on an “as and when required” basis; an alternative to drawing down one large single cash sum. Or the choice could be a regular tax free monthly income for life.
Home Reversion pland also have the ability of providing additional income by way of tax free stage payments.
A recently introduced, innovative, plan caters for those homeowners who have concerns regarding a roll-up Lifetime Mortgage as this means that the size of the loan increases as interest on the initial loan accumulates over time. This new, innovative, plan addresses these concerns by offering the homeowner the opportunity to pay some or all of the interest on the loan. Any amount of interest that the homeowner pays will reduce the size of the eventual debt outstanding.
Equity Release can be used to assist with the purchase of a new home. And, tax free money can be raised from an existing second (holiday) home or from residential investment properties – and without any loss of rental income!