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Equity Release

What is Equity Release?

In simple terms, it is a way for you to benefit from the value of your home without having to move out of it. It is particularly suitable for the over-60’s who own their own home and who need extra cash or income, but do not want to make regular mortgage payments.

It can provide you with cash, income or a combination of both.

The two common schemes are Lifetime Mortgages and Home Reversions, and the common factor is that you don’t have to make mortgage payments.

You must, however, take specialist advice and Regents Court Financial has an extension to their FSA licence, to enable them to give Equity Release advice. Their principal, Andrew Clothier, has incremental qualifications CF7, HR1 & Level 3 Certificate in Equity Release, and adviser, Ruth Burley, also has an Equity Release qualification.

S.H.I.P.

We only recommend Equity Release schemes that are operated by members of this organisation, which has been set up by specialist lenders to protect clients by operating within a code of practice.

To understand the features of Equity Release, ask for a personalised illustration.

We do not make a charge for an initial consultation.

There may be a fee for equity release advice. The precise amount will depend upon your circumstances, but we estimate it will be £450.

YOUR HOME MAY BE REPOSSESED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

You may have to pay an early repayment charge to your existing lender if you re-mortgage.

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