In simple terms an equity release is a way of generating a cash lump sum or a steady income stream based upon the value of your house while you continue to live in it.
Basically, you can borrow a sum and the loan is secured on your home. The loan is then repaid by selling the property when you have to leave or die.
If that sounds interesting but you’d like to find out more about exactly how a potential release of equity would work, we’d be happy to talk you through the process and explain the advantages and potential pit-falls – as well as suggest workable alternatives - to help you make the best decision for you, your family and your circumstances.
If you would like to proceed, we can assist by taking care of the legal side for you and make sure the arrangement of your equity release/lifetime mortgage is as simple as it can be and delivers the results you need, so you’re free to enjoy a carefree future.
If you would like to find out more about equity release or lifetime mortgages please email Robert Parsonson or call Robert on 01865 594269.