Release tax-free cash from your home
Equity Release lets homeowners aged 55 and over enjoy tax-free cash from the value of their home without having to sell or move out The amount you can release is based on your age and the value of your home You can receive your money as a single lump sum or a series of smaller sums
by the Mortgage experts at Equity & General
How do you want to use the money?
You can use the money in any way you like, the choice is yours. For example, you might -
Help your children buy their own home
Help the family deal with money worries
Pay off your own loans
Make improvements to your home
Have extra money to enjoy in retirement
Pay for that holiday of a lifetime
Can you protect an inheritance?
You also have the option of protecting an inheritance to leave your family from the value of your home. So the amount you protect won’t be used when calculating how much you can borrow and your E&G adviser can discuss this with you.
Can you protect against negative equity?
Depending on product, you may also enjoy the option of a No Negative Equity guarantee. This means that the money you pay back will never be more than the total value of your home and you won’t have to repay the money you have released until the last surviving borrower dies or moves out of the home into long term care. When this happens, the monies released are normally repaid from the sale of your home.
Is Equity Release safe?
Equity Release is a highly regulated and popular way to free up money tied up in your home. For some people, unlocking money that’s tied up in property can make a real difference but, like all financial products, equity release may not be the right option for everyone. You should also think very carefully before securing other debts against your home and your E&G adviser can help you make the right decision.
What advice do you need?
Equity Release can be complicated so it’s important you get good financial and legal advice. You should also speak to any family members involved. Lifetime mortgages for Equity Release can only be arranged by authorised financial advisers.
Help & Information
If you would like further information on how an E&G Equity Release Mortgage could help you, please call us on 020 8396 0486 or email us at firstname.lastname@example.org.