Equity Release allows individuals aged 55 and over to release money from the property they live in without having to make any monthly repayments.
There are two types of equity release; Lifetime Mortgages and Home Reversion plans. Both of these are regulated by the Financial Conduct Authority. By using an equity release product, a home owner can draw a lump sum or regular smaller sums from the value of their home, while remaining in their home.
Equity release can play a crucial role in retirement funding and the flexibility and safeguards which are built into plans that comply with the Equity Release Council product standards enable thousands of home owners every year to tap safely in to their housing wealth without having to worry about making monthly repayments.*
If you are thinking of taking out an Equity Release plan then you need to find out as much as you can about your options and weigh up the advantages and disadvantages fully before you decide if Equity Release is right for you.
Robbins Financial can help you to understand the steps involved, talk you through your options and of course they can also explain the full benefits of Equity Release. Whatever your Equity Release needs, there is likely to be a plan available to meet them.
There will be a Fee for arranging your Equity Release and the Fee amount will depend on the type of Equity Release you are arranging.
The agreed Fee is payable on Completion.
This is a lifetime mortgage. To understand the features and risks ask for a personalised Illustration.
*Equity Release Council 2018