Equity Release

Equity release allows individuals aged 55 and over to release money from the property they live in without having to make any monthly repayments. There are two types of equity release; Lifetime Mortgages and Home Reversion Plans. The Financial Conduct Authority regulates both of these. By using an equity release product, a homeowner can draw a lump sum or regular smaller sums from the value of their home, while remaining in their home.

Equity release can play a crucial role in retirement funding. The flexibility and safeguards built into plans, which comply with the Equity Release Council's product standards, enable thousands of homeowners every year to tap safely into their housing wealth without having to worry about making monthly repayments.

If you are thinking of taking out an equity release plan, you need to find out as much as you can about your options and weigh up the advantages and disadvantages fully before you decide if it is right for you. As fully qualified advisors, we will help you to understand the steps involved and talk you through your options. 

Part of a customer's choice will be over the type of plan required. In the modern equity release market, there is a range of products to choose from, with new and innovative products created regularly. This means whatever your equity release needs, there is likely to be an equity release plan available to meet them.