Equity Release Schemes

Many retired people face a considerable drop in income which often means that they have to consider selling the home they love and moving into something cheaper. There is another alternative, which could allow them to raise a substantial cash sum or a regular income whilst staying in their own homes without having to pay any rent or loan repayments for the rest of their lives. An equity release scheme could mean the difference between a comfortable retirement and a constant worry about paying the bills.

Are you a homeowner who is property rich but, whilst not necessarily cash poor, would find a substantial tax-free lump sum or extra income very welcome? Rising prices, in particular council taxes and heating costs have made the real rate of inflation much higher for pensioners than the officially quoted rate for the rest of the population. This can make pensions and savings, which once would have been enough to sustain a reasonable lifestyle, completely inadequate.

There are many types of home equity release schemes available in the market and no one should purchase a scheme without first taking independent financial and legal advice.

To find out more about how we can assist you raise equity from your home phone 01243 532635 or email us at