Equity release products may not be suitable for all people, so it is vitally important that you talk to a qualified equity release adviser before making that commitment.

Releasing equity from your property is one of the biggest decisions you may have to make, and should be considered properly…

By releasing money that would otherwise stay tied up in your home until you pass away, an equity-release plan may reduce the size of your estate, the result of which will reduce the amount that you will be able to pass on to your family and loved ones.

The equity released from your home, plus the interest accrued over time will be repaid once you die or move into long term care.
It may also be possible that the extra funds made available to you by

equity release could affect your entitlement to state benefits you may receive now, or in the future. The money released may be tax free, however it may affect your future tax position. Our equity release advisers can talk you through this.
Releasing equity from your home is not necessarily the right solution for everyone. The financial and personal position of an individual will dictate the suitability of an equity release product – and whilst an equity release product may be ideal for one person, it may not be for another.
There may be additional fees and/or early repayment charges that need to be taken into account if you wish to switch plans down the line. Of course, during our recommendation process, we will take all of these costs into consideration with you.

There may be a number of alternatives to releasing equity from your home to look at, which you can pursue if we find an equity release plan to be unsuitable. These options could include downsizing your home, which could be a wise option to free up additional monies during retirement. You could ask family or friends for help, which may be an awkward conversation, but maybe they would rather help than see you struggle?

You could also look at utilising savings or other investments as an alternative. We will openly discuss all of the options available to you within our initial free, no-obligation discussion.
Just Compare’s qualified equity release advisers will discuss your options with you, explaining everything to you in simple terms, including if your entitlement to current and future benefits which could be affected - and ultimately what impact equity release could have on the size of your estate.

Contact us for a free, no-obligation discussion about the pros and cons of releasing equity from your home. One of our team of experienced advisers will help you understand whether or not you can apply for an equity release plan, and whether or not it is the most suitable choice for your circumstances.

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The minimum age of the youngest applicant for a lifetime mortgage is 55

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Peace of mind

The equity release market has developed significantly in recent times. All of the lenders that we work with are regulated by the Financial Conduct Authority (FCA). While this can give you significant peace of mind, there are many other things that you should consider before you make a decision on whether or not to go ahead. Again, we will discuss each of these with you before we make our recommendation.

We always endeavour to maintain a stringent set of standards, including:

  1. A no negative equity guarantee, meaning that you will never owe more than the value of your home
  2. The right to move home at any time, meaning subject to approval from the lender, if you move to a suitable property you can take your plan with you
  3. Finally, you have the right to stay in your own home for the rest of your life, or until you need to move into full time long term care

The availability of an equity release plan is subject the lenders criteria, terms and conditions.

Equity Release may involve a home reversion plan or a lifetime mortgage which is secured against your property. To understand the features and risks, ask for your personalised illustration.

We provide initial advice free of charge and with no obligation. Only if you choose to proceed and your case completes would a fee of 1% of the amount released be payable (minimum £1,195).

Call us free today on: 0800 802 1849 to find out more!

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