Equity Release Mortgages
Speak to an advisor to find the value plan to suit your needs.
If you are over 55 you could be eligible to release equity from your home to use
for any purpose. Equity Release Mortgages allow you to take advantage
of the equity built up in your property. 'Equity'
is the value of your home minus any outstanding mortgage.
If you are over 55 and own your own home, an Equity Release mortgage
could help in the form of a
tax-free cash lump sum or an income for life, which you can spend on whatever you
like.
Benefits Of Equity Release
- Guarantee Income For Life
- Own 100% Of Your Home
- Use Cash As You Wish
- Unlock Tax Free Cash
- Additional Cash Lump Sum Available
Risk Warning. Equity release schemes can be very helpful but are not suitable for
everyone. It is important to understand the risks and to understand the cost, the
level of flexibility (if you might want to move home) and the possible impact on
future state benefits. This is a lifetime mortgage. To understand the features and
risks, ask for a personalised illustration. Equity release schemes are high-risk
products and you should take advice before you make any decision about whether to
use them. Think carefully before securing other debts against your home. Your home
may be repossessed if you do not keep up repayments on a mortgage or any other debt
secured on it.
MoneyExpert does not give advice on or recommend any particular insurance product
or service or whether it is suitable for your personal circumstances. The information
provided is to help you to make your own choice about how to proceed.MoneyExpert
is an Appointed Representative of One Star Financial Ltd, 80 Manchester Road, Walkden,
Worsley, M28 3LN which is authorised and regulated by the Financial Services Authority
under the registration number 521223