Find Out How Equity Release Could Make A Difference From A Lifetime Mortgage Advisor in Kent
Your savings dictate your future, providing a sense of security you can rely on. Changes to income, rising costs of living and tighter finances mean you might be looking ahead, wondering how you can supplement what you’ve put away and enhance the way you’ll be able to provide for yourself in the future. One option? Equity Release. As a source of income, it’s a quick and easy way to convert what you already own into cash. As a financial strategy, it’s a way of maintaining your standard of living while accruing further profit for yourself, your well-being and your future.
What is Equity Release?
Equity release refers to a financial product or scheme that allows homeowners to access the equity tied up in their property while still living in it. It enables individuals to release a portion of the wealth accumulated in their homes without needing to sell or move out.
Different Equity Release Schemes & Processes
Lifetime Mortgage: This involves taking out a loan secured against your home, where the loan amount plus accrued interest is typically repaid from the sale of the property when the homeowner passes away or moves into long-term care. Some lifetime mortgages allow you to make interest payments to prevent the debt from increasing.
Home Reversion Plan: In this plan, you sell part or all of your home to a provider in exchange for a lump sum or regular payments and the right to remain living in the property rent-free for the rest of your life. When the property is sold, the provider receives their share of the proceeds.
Benefitting You & Your Future
- Access to Cash: Get money from your home’s value without selling it, giving you extra income.
- Maintain Homeownership: Keep living in and owning your home while getting funds.
- Flexible Use of Funds: Use the money to boost your retirement income, improve your home, pay off debts, or cover medical costs.
- Tax-Free: The money you get is usually tax-free, giving you a clear financial boost.
- Financial Planning: Gain extra financial security and stability for your retirement.
Get the Right Support On Topping Up Your Pension Income
Investing in yourself is the most sensible move you can make, providing a regulated means of living that’s long-term. As costs, profit margins, pensions and interest rates ever-evolve, adapting, considering other options and finding new ways to top up your pension income are crucial, instilling the need to make conscious choices when it comes to saving for your future.
Talk To Us 1-1 For Advice On Equity Release in Kent
With our help, support and advice, your pension can grow, helping you maintain ownership of the way you live.
Talk to our pensions experts and advisors to get assistance with your funds, your future and what’s really important to you.
Phone: 07789885611 Email: money@lifetimemortgages.info
A fee may be charged for equity release advice. The exact amount will depend on your circumstances, but we estimate this will be £1495 on completion.
Lifetimemortgages.info is a trading style of The Later Life Lending Network Ltd which is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales no. 09832887 Registered address 70 St. Johns Close, Knowle, Solihull, West Midlands B93