What is equity release?
Equity release is a product for people aged over 55 who wish to release money which is currently locked up in the bricks & mortar of their own home.
There are a few different products to achieve this, but for most of the products there is no need to make any monthly repayments. The outstanding amount is repaid by your estate when you are no longer around.
How can equity release help in my retirement?
Retirement isn’t what is used to be. Many people now wish to use their retirement to do the things they’ve always wanted to do.
These things can come at a cost and with a reduced income and with a lot of your net worth tied up in property, the funds are not readily available.
This is where equity release can help. It offers the opportunity to release some of the value of your home to fund the things you want to do.
With repayment not being required until your property is sold, it also means there's no monthly repayment either.
There are a wide variety of things you can use the cash for - these can include things such as:
• A once in a lifetime holiday
• A dream car
• Home refurbishments
Equity release can also be used to release inheritance early should you wish.
You might want to help your children get onto the housing ladder, or pay for their dream wedding. There are many ways the cash can be used to enrich your lives, or those of your family.
Why Future Balance Finance?
At Future Balance Finance your wellbeing is at the heart of everything we do. We understand that deciding whether to release equity isn’t a straight forward decision. That’s why we’ll take the time to understand your thinking to work out whether equity release is right for you. If you choose to pursue Equity Release then we will make sure you understand the process entirely. We also make sure everything is completed in as stress-free a way as possible.
We will keep you updated every step of the way. If there is anything you don’t understand or wish to know more about, we will ensure that we explain in detail and answer every one of your questions until you are comfortable everything makes sense.
We are also proud members of the Equity Release Council which means we have to agree to strict council rules as well as adhering to their statement of principles. All of this is designed to protect our clients and give you the peace of mind that we are doing everything we can to work in your best interests.
If you want some more information about equity release then get in touch today on 0330 122 9760 or by e-mailing us on [email protected].
*Equity release may involve a lifetime mortgage which is secured against your property or a home reversion plan which requires the sale of property for a discounted price. To understand the features and risks, ask for a personalised illustration. You only continue to own your own home with a lifetime mortgage.*