Equity Release Advice with no obligation
Welcome to our website: We are here to help you find the right UK Equity Release Scheme for your needs, whether that be to repay your existing mortgage, for inheritance tax planning purposes, perhaps to help your children with a deposit for a home or simply to release equity in your home to spend as you wish in your retirement, such as a new car or those home improvements you have always dreamt of.
Recent research by Key Retirement Solutions shows that more and more people are now considering equity release with around (27%) using equity release to treat or help family or friends, such as parents and grandparents providing a helping hand onto the property ladder for a child or grandchild, or help getting through University.
The same research show that another popular use of equity release is to pay off debts with around 40% using it to repay credit cards or mortgages in retirement.
The most popular reason for equity release however (55%) is for making improvements to the home or garden making things easier to manage and improving the standard and quality of life that would otherwise be unaffordable.
The Equity Release information provided throughout this website, whether it be for a Lifetime Mortgage or an Home Reversion Plan, should provide you with an in depth understanding of what equity release is.
Equity release is not suitable for everyone though, and so we would recommend you book a free initial consultation. This can be over the phone or in the comfort of your own home, and gives you the opportunity to learn more about the equity release schemes and Home Reversion Plans available, and have all your questions answered by an expert adviser.
There's absolutely no pressure or obligation, and you don't have to take out a plan following this meeting, we just want to help you find out more.
Equity release lifetime mortgage schemes are available in various shapes and sizes, but essentially, all provide the facility to release equity that is tied up in your home without the need to meet an ongoing monthly mortgage payment.
That is where the similarity ends however, and understanding the difference between the different schemes available is where most people get confused, often leading to a decision to take out the wrong plan, or think that they have found a viable solution only to find in later years it was not.
Home Reversion Plans are an alternative to lifetime mortgages, and are normally considered when life expectancy is short, or a larger amount of equity needs to be released, than is available through a rolled up interest lifetime mortgage scheme, or where you do not wish to be subject to the application of ongoing interest charges.
Releasing equity in your home with a Home Reversion Plan, requires that you sell a percentage of your home to the Home Reversion Company, in exchange for an agreed lump sum.
