This equity release product may involve a lifetime mortgage or a home reversion plan. If so, to understand the features and risks, ask for a personalised illustration.
Why Equity Release?
When you retire you want to know that you can continue to live the way you want to live - and that means maintaining a lifestyle that you've become accustomed to.
House rich, cash poor?
For many of us these days, knowing that our current lifestyle requirements will be secure in our retirement gives us great peace of mind.
Pension and investment security is nowadays unpredictable, thus an alternative long-term planning strategy for future needs is a necessity.
Unlocking the riches
During recent years property prices have rapidly increased to a level that allows the owner to potentially capitalise on the value of their home. An increased demand for an accessible cash income may be more prevalent nearer retirement age and therefore you may wish to utilise the capital that has accumulated within the value of your property.
An Equity Release Plan may be a suitable alternative for you to consider if you wish to stay in your current home instead of downsizing to a cheaper property.