Consolidating second mortgages
If you are interested in learning more, you can contact us on 08 to discuss your needs with a view to arranging a face-to-face home visit with one of our financial advisers.
However, equity release is a product designed to meet the needs of asset- rich homeowners who don’t want to move. The equity release lenders like to invest in reliable, long-term UK property whilst those releasing equity benefit from gaining access to money that would have otherwise been tied up for life.Also, there are ways to manage the impact on state benefits, such as using drawdown to release equity without going over the capital allowances.A financial adviser will present the full explanation to you and you would be then free to make an informed decision.11) All equity release schemes will reduce the value of your estate.Everything we do carries no-obligation to go any further.
Equity release lenders now give homeowners aged 55 the option to turn the equity built up in their property into tax-free cash without selling up or downsizing.Before our customers found out about lifetime mortgages, they thought equity release involved selling their home.