Equity Release Scheme
Our equity release experience
An equity release scheme is a financial product which has the potential to unlock a lump sum or secure regular payments from the equity that you own in your home. Before considering an equity release scheme the Financial Services Authority suggests that you consult an independent financial adviser. Our in-house, fully independent financial advisers have a great deal of experience of this product and can advise if this is the best option for you. If you are interested in finding out more about equity release, please contact us by >clicking here.
What can the equity released be used for?
The income that you receive as a result of equity release can be used as you wish. It may be that you may wish to improve your home, help family members onto the property ladder or to simply supplement your income. Our financial advisers can discuss the reasons for you to consider an equity release plan in a free consultation. To request your free consultation to discuss your options please >click here.
The FSA and equity release schemes
The Financial Services Authority (FSA) regulates equity release schemes. As a result only financial advisers with appropriate equity release scheme accreditations can advise on them. Our advisers hold these accreditations and will be happy to discuss the ways in which equity release can work for you. To contact them please >click here.
Our independent equity release scheme advice
Many people feel that contacting insurance company that arranges equity release schemes can work out cheaper than arranging their affairs via a financial adviser. This is not necessarily the case. Our Independent advisors are able to source products from across the market without being tied to any specific lender. As a result we can offer plans that best suit our client’s requirements. In addition in some circumstances, it is possible for an independent company to negotiate lower prices as a result of the overall volume of business that they transact with various organisations.
Equity release schemes and taxation
Equity release schemes are paid out tax free to allow you to receive the full benefit of the equity in your home. There may also be inheritance tax benefits in relation to equity release schemes. To find out more about inheritance tax and equity release schemes please >click here.
Is an equity release scheme the correct decision for you?
The FSA advises those considering using an equity release scheme to discuss this with a financial adviser. Our in-house independent financial advisers will discuss the benefits and drawbacks of equity release with you to allow you to make an informed decision regarding this product. For your free consultation please >click here.