When you reach retirement, you may find you need to realise some of the capital in your home. Some of our clients have wanted to find a way to help their children and grandchildren, while others are keen to get the most out of life while they still have the energy for travel and holidays and are able enjoy life to the full. Other people we have helped needed to find a way to top up their income. All of these things can be achieved through Equity Release.
We will help you understand the financial consequences, such as the impact on state benefits, before you make any decisions concerning the equity in your home. We also think it best to involve your family in any decisions about equity release, especially where your family could be potential beneficiaries in your Will. Of course, at the end of the day the choice is yours.
Equity Release may involve a Home Reversion Plan or Lifetime Mortgage which is secured against your property. To understand the features and risks, ask for a personal illustration.