Equity Release is an option where you can continue to live in your house, using the equity that is tied up in your home to provide you with a lump sum.
The money released could be used to pay for care or cash for some other use.
There are two main types: Lifetime mortgage arrangements, where you take out a loan secured on your home which does not need to be repaid until the end of the mortgage term (when the borrower sells the property, moves permanently into a care home or dies), and a home reversion plan, where you sell all or part of your home at less than its market value in return for a cash sum, but can then stay on in your home as a tenant, paying no rent.
Equity release is certainly not something to be taken lightly. And it might be that downsizing is a more suitable option. But whichever route you go down, our experienced financial planners can advise. So please get in touch for an initial chat on 01246 435 996 or contact us.
Future Life Wealth
54 Ravenshorn Way,
Renishaw, Sheffield S21 3WY
+44 (0) 1246 435 996
Monday - Friday 8.30am - 5.00pm
Future Life Wealth Management Ltd is authorised and regulated by the Financial Conduct Authority
The Financial Conduct Authority does not regulate taxation & trust advice
We are entered on the The Financial Conduct Register No 509960 at www.fca.org.uk/register
The Financial Ombudsman service can be found at www.financial-ombudsman.org.uk
Registered in England No. 07036892 Reg. Address: Future House, 54 Ravenshorn Way, Renishaw, Sheffield S21 3WY
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
The value of your investment can go down as well as up and you may not get back the full amount invested.
Your home is at risk if you do not keep up with your mortgage repayments.
Equity release is a lifetime mortgage or home reversion plan. To understand the features and risks please ask for a personalised illustration.
We do not offer advice in relation to home reversion plans.
The tax observations contained in this website are made in good faith and are based on our understanding of current Revenue and Customs regulations. We cannot accept any responsibility for any future regulation that may retrospectively happen.