If you are considering releasing a tax free cash lump sum then you’ve probably got an idea in mind of how you want to spend it. Some of the most popular reasons for releasing cash include:
Equity release reduces your estate’s value and may affect any means-tested benefits you’re eligible for. With a lifetime mortgage, which is a loan secured against your home, you will still own your home.
The amount you can release depends on your age, how much your house is worth and your health and lifestyle.
Equity release is regulated by the Financial Conduct Authority (FCA), providing protection and security. As an extra safeguard, the Brokers we work with are members of the Equity Release Council (ERC) and recommend ERC apporoved plans. As as result:
You will never owe more than the value of your home once it is sold upon death or after moving into long term care due to their ‘no negative equity’ guarantee
You have the freedom to move to another property with no early repayment charges (subject to provider criteria)
You have the right to remain in your home for as long as you choose
This is a sponsored article and is intended as an advertisement, not editorial content.
A Lifetime Mortgage is secured against your property. It could affect your entitlement to means-tested benefits and will impact the value of your estate. Think carefully before securing other debts against your property. To understand the features and risks ask for a personalised illustration when an advisor contacts you.
EquityReleaseZone does not advise on the suitability of equity release. Instead, our partner network of FCA registered equity release brokers provide high quality advice that will help you make the right decision for your specific circumstances.
Only if you choose to proceed and your case completes will the broker charge an advice fee. The advisor will talk through the setting up costs of a equity release before you make any decision to proceed. For any enquiry we pass onto our partner brokers, we are paid an introduction fee. This does not affect preferential rates offered by them to you.
Please note: EquityReleaseZone are expert lead generators who will earn a fee by introducing you to a specialist broker who can send you relevant quotes. We are not an independent price comparison site, or an insurance brokerage.
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