Equity Release / Lifetime / Home Reversion Plans

Are you thinking of releasing capital from your home?

Aaron Tawny - Independent Financial Advice :: Equity Release

We believe Equity Release has an important role to play in the future for older homeowners’ finances. The gap between the resources currently available or earmarked for the retired population, and amounts needed to provide a comfortable retirement are well documented. For those individuals with a shortfall in retirement funding but who have equity in their property, Equity Release / Home Reversion Schemes, offer the opportunity to bridge the gap.

In the past Equity Release has had quite a negative image – and rightly so. There have been some shocking scandals and a number of older people have been cheated within this area. As a result of this, a lot of people are very wary of it as an option.

More recently a lot has been done to regulate Equity Release Schemes. Both types now fall under the jurisdiction of the FSA, which offers you as a customer some added protection, and an organisation to help you, should things go wrong.

There is also Safe Home Income Plans (SHIP) – an organisation that has done plenty to improve the image of Equity Releases. They are a self-governing body, but they do enforce a code of conduct on their members – which means more protection for you. We only use SHIP approved providers. There are flexible Equity Release Schemes now available, which allow you to release capital when required.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

We try to keep everything under one roof, so we can also arrange adequate safeguards to ensure your mortgage can be re-paid in the unexpected event of financial hardship or sickness for example. Click here to find out more about our Life Insurance advice.

We have Advisers that can meet with you

And give you all the necessary information and details of schemes that fit your circumstances. To understand the features and risks, we will provide a personalised illustration and check that the mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you believe this is an area of which you would like more information or wish to discuss your situation, please do not hesitate to contact us.