Why Consider Equity Release?

Your home is probably your most valuable asset, so you may like to see if you could benefit from some of the value which may have built up in your ‘bricks and mortar’. But if you do not wish to sell up and move out of your home, remortgage or release funds from other sources, Equity Release Plans may allow you to access funds tied up in your home and most schemes also guarantee your right to live in your home for the rest of your life.

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An ‘Equity Release’ scheme is designed to use the ‘equity’ in your home to give you a lump sum, income, or a mixture of both. There are many reasons why you might wish to consider releasing equity from your home:-

Would the security of an extra income mean that you could stop worrying about money all the time and really enjoy your retirement?

Do you have plans to spend an extra lump sum, perhaps on the home, a replacement car or on better holidays?

Do you need additional income in retirement, or are you considering Inheritance Tax planning?

Would additional money help you make arrangements in advance so that you will get the personal care you would like, should you ever need it in the future?

These are just some examples of reasons why people consider using their home as a means of generating further income in retirement.

This area is very complex and as your home could be your largest asset getting it wrong can be very costly. At Monetary Solutions we help simplify the choice, explaining the advantages and disadvantages of the different options available in jargon free, clear English and make recommendations accordingly for your needs.

For arranging a Mortgage, you can select to either pay us a fee or go down the commission route. If you decide on the fee route our typical fee for arranging a Mortgage is £500. Alternatively, with the commission route we will not set any additional fee and we will get paid by the lender, therefore there is no charge to you.

These are lifetime mortgages and home reversion plans. To understand their features and risks, ask for a personalised illustration.

So if you are considering Equity Release why not utilise our

FREE WITHOUT OBLIGATION CONSULTATION

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