Equity Release Planning Financial Advice

There are two main types of equity release plan available:

• Lifetime mortgages
• Home reversion plans

Both of these plans will allow you to remain in your home and release cash to use for whatever purpose you want.

With equity release you: 

• Have the flexibility to receive a tax-free cash lump sum
• Can use the cash for whatever you wish
• Will not have to move home
• Have the option to guarantee an inheritance for your family
• Have the right, with most plans to move to another suitable property without any financial penalty.

Equity release may involve a lifetime mortgage or a home reversion plan. To understand the features and risks, ask for a personalised illustration. Equity release is not right for everyone; it may affect your entitlement to state benefits and it will reduce the value of your estate.