Many people continue to face difficult financial times. Due to the economic downturn, unforeseen events and debt you can find yourself left with little income.
If you’re a homeowner aged over 55, it’s often the case to have substantial equity in your home through paying off your mortgage or owning it outright. Equity describes the cash value remaining in your home when all outstanding secured debts have been paid. This amounts to thousands of pounds being tied up with no way of unlocking this equity without selling or downsizing.
Equity release provides you with the option to release a tax-free lump sum from the equity locked in your property. It’s a simple process and one that enables you to increase your retirement income.
This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration.
Book your Free Consultation today 01606 48521
Your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured on it.