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Equity Release
Equity Release plans allow you to release money from the Equity in your home, to fund a more comfortable retirement.
We are delighted to be associated with an equity release specialist at The Mortgage Experts.
If you’re aged over 55 and considering releasing equity from your current property, we can help find the advice you need. Maybe you’re planning the holiday of a lifetime, considering helping the grandchildren get on the property ladder, or simply need some money for home improvements or just to improve your standard of living. If so, then an Equity Release plan could provide the solution.
The Equity Release market has evolved over the years to offer a broad range of products and providers. For example, you can choose between paying the interest due or having it added on to the principal debt, and you can decide to take a lump sum, or an income, or a combination of the two.
It’s incredibly important to make sure Equity Release is right for you. We’ll always look at a wide range of alternative options for you, including traditional mortgages, ‘RIO’ mortgages, which stands for ‘Retirement Interest Only’, and whether borrowing is right for you at all.
Equity release / Lifetime mortgages: This is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt seek independent advice.
MORTGAGE CALCULATOR
What will your mortgage cost?
Actual loan amounts and affordability criteria will differ across lenders. Your home may be repossessed if you do not keep up repayments on a mortgage.