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Wills & Trusts Equity Release
Having an Equity Release Mortgage means you can put the wealth of your property to positive use

What is an Equity Release Mortgage?

These are a range of products that are only available to homeowners over the age of 55. Equity Release is a way for you to access the equity (wealth) tied into the value of your house, without you having to sell your property. The amount that you can borrow will depend on the value of your home and your age.

An Equity Release Mortgage product will usually be either a Lifetime Mortgage or Home Reversion. These mortgages have no fixed term and you don't need to make regular repayments (unlike a standard mortgage or loan). Essentially, it's designed to be repaid by the sale of your home should you pass away or move into permanent care.

What can you Use the Money For?

Having an Equity Release Mortgage means you can put the wealth of your property to positive use and there are no restrictions on how you use the money - whether that is to help loved ones, make improvements to your home or quality of life, pay off any debts or take a trip of a lifetime. Any money you take from Equity Release is completely tax free.

Will it affect other Benefits?

Equity Release may not be right for you and could affect your right to 'means tested' state benefits and could reduce the value of your estate.

AN EQUITY RELEASE PRODUCT WILL REDUCE THE VALUE OF YOUR ESTATE, WILL NOT BE SUITABLE FOR EVERYONE AND MAY AFFECT YOUR ENTITLEMENT TO STATE BENEFITS. TO UNDERSTAND THE FEATURES AND RISKS PLEASE ASK FOR A PERSONALISED ILLUSTRATION.

THIS IS A LIFETIME MORTGAGE/HOME REVERSION PLAN. TO UNDERSTAND THE FEATURES AND RISKS PLEASE ASK FOR A PERSONALISED ILLUSTRATION.

A LIFETIME MORTGAGE/HOME REVERSION PLAN WILL REDUCE THE VALUE OF YOUR ESTATE, WILL NOT BE SUITABLE FOR EVERYONE AND MAY AFFECT YOUR ENTITLEMENT TO STATE BENEFITS.

CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN DOUBT, SEEK INDEPENDENT ADVICE.

Our fees and charges vary depending on the Services we provide to you. We typically charge a fixed fee of £495 payable upon completion.