Equity Release Plans
We advise you in relation to equity release plans
Our in-house, fully independent financial advisers have a great deal of experience of working with those seeking to take out an equity release plan and can advise if this is the best option for you. If you are interested in finding out more about equity release plans, please contact us.
The benefits of equity release plans
There are a range of equity release plans available. Our independent financial advisers will search the entire market to find the plan that best suits your requirements. Depending on the plan, the funds received can be a lump sum or regular income. This can be used to supplement income, help other family members or pay for large one-off costs. Equity release plans are also used in inheritance tax planning. To find out more about equity release plans, and whether a plan is right for you, please contact us.
Equity release plans – advice from the FSA
The Financial Services Authority (FSA) suggests that before you consider taking out an equity release plan that you consult an independent financial adviser. Our fully independent financial advisers have a great deal of experience of this product and can advise if this is the best option for you. As we are not tied to any specific lender we have the ability to search the entire that market to recommend the equity release plan that best fits your needs. If you are interested in finding out more about equity release plans, please contact us.
The range of equity release plans
As with many other financial products, there are a range of equity release schemes plans. The main types of equity release plans are a home income plan where property is mortgaged and the cash raised is used to purchase an annuity, a lifetime mortgage where property is mortgaged and interest is added to the balance owing, which is paid off when the property is sold or a home reversion scheme where property is sold to a financial institution in exchange for a lump sum or monthly income. To find out more about equity release plans please contact us.
Free equity release plan consultation
Our advisers offer everyone a free consultation to discuss the merits of equity release plans to allow you to make a decision as to whether this is the right decision for you. To arrange a free consultation please >click here.