For equity release and lifetime mortgages our trusted advisors will be able to guide you through the options available.
Equity Release Explained
Equity Release is the name for products that allow you to access the equity in your property if you are over 55. Typically, there are no repayments and you are guaranteed to remain in the property as long as you are able as you retain full ownership.
You are only able to release equity through a qualified equity release adviser and it's important to understand the benefits and risks. As a broker we help our clients find the most appropriate deal from the market.
Monthly Payments
One of the benefits of equity release mortgages is that there are typically no monthly repayments, the interest is simply added to the loan, or 'rolled up'.
Cash When Required
With equity release it is possible to only take the money from the plan as and when it is required. This is known as a drawdown lifetime mortgage.
No Negative Equity
The plans our advisors offer come with a strict no negative equity guarantee. It is also possible to ringfence a percentage of the house value to guarantee it is passed on after you have gone.
Key Points
- Advisors fully trained with CeRER qualification
- Plans meet Equity Release Council standards
- If it's not correct for you we will let you know
- No upfront fees for advice