The Basics
The Basics
There are many advantages in taking Equity Release and it’s important to understand your options, the implications and your ongoing responsibilities.
Equity Release Basics
Equity Release plans enable those over 55 years old to unlock tax-free cash that is tied up in their property (both partners must be over 55 if you are a couple).
Your property should be worth at least £70,000 and be your main UK residence.
What You Get
You can choose to receive a lump sum or a series of payments.
You can choose no monthly repayments.
The cash released is tax-free because it’s already yours.
You can spend the money in any way that you like.
You can stay in your own home for the rest of your life or for as long as you choose.
Peace Of Mind
The Financial Conduct Authority (FCA) regulates all Equity Release plans these days so you can have complete confidence in the products.
Specialist Equity Release advisers now have to hold specific Equity Release qualifications to provide advice and recommendations to you.
We adhere to their strict rules and guidelines.
