Equity Release
Could You Benefit From Equity Release?
Many retired homeowners find themselves ‘asset rich and cash poor’.
Maybe their pension isn’t as much as they had hoped or maybe investments haven’t performed as well as they expected.
At the same time property prices have soared.
Equity Release provides the opportunity for people to access some of the capital tied up in their home.
People release equity for a number of reasons including:
- Home Improvements and Repairs
- Buying a new car
- Holidays
- Supplementing pension income
- Make a gift to a relative
Equity Release allows you to safely release cash from your home and make no monthly payments
Is Equity Release Safe?
Safe Home Income Plans (SHIP) is an industry body that has is dedicated to the protection of planholders. All SHIP approved plans come with these guarantees:
- The right to remain in your home for as long as you choose.
- The freedom to move to another property, without financial penalty (subject to individual plans terms and conditions)
- You will never fall into negative equity should house prices drop in the future.
The Need For Independent Advice
As with all financial products, it pays to take expert advice.
There are now over 40 different equity release providers and an increasing range of products becoming available.
This articole was submitted by Sixty Plus, an independent financial adviser specialising in equity release.
To find out more call David Wright on 01737 215752.
Sixty Plus
100 Winkworth Road
Banstead
Surrey
SM7 2QR
Tel: 01737 215752
www.sixtyplusonline.co.uk
david@sixtyplusonline.co.uk
Sixty Plus is a trading name of First Point Financial Planning Ltd which is regulated by the Financial Services Authority for Lifetime Mortgages. Home Reversion Plans are not regulated by the FSA.
To understand the features and risks of a lifetime mortgage, ask for a personalised illustration.
Given the number of products on the market it is essential that you see Independent financial Advice before considering Equity Release or Home Income Plans.
You can request a call from an Equity Release specialist in your local area by using our simple online call back form here
