What is equity release in UK? Would you like to know more about the positives and negatives along with whether it is the right option for you? At ER4You we can offer considered, measured advice for your individual circumstances.

Equity release products have grown in popularity over the last few years. It is the process by which clients can access the capital that is present in the home. At ER4You we have been giving impartial and measured advice for many years. Equity release, as with most financial decisions, has its positives and negatives. ER4You will discuss both with you and we are happy to include any of your family members or close friends in our discussions.

Reassuring tax-free money

On the positive side, an equity release lifetime mortgage enables you to remain living on your house until such a time as it becomes impractical to do so. This can be very reassuring, especially if it is your family on house which you have lived in most of your life. The equity released is tax-free money that you can receive in a lump payment or overtime as would be most beneficial to your unique requirements. You could use this money to provide on your house improvements to assist you in remaining on your house. You could use it to help out other family members, children or grandchildren who need help with a deposit for their own home. If appropriate you can have the option to repay some or all of the mortgage over time.

What we offer

At Equity Release 4 You will discuss all of your options in full and as well as explaining the benefits, will also explain the negatives of equity release. We will discuss the implications of reducing the value of your estate with you, as well as any implications that your equity release may have on future entitlement to any state benefits. We will clearly explain the financial repercussions should you decide to repay early, or to pay interest rates on your equity release.

We will also help you to explore other options. We never pressure anyone into an equity release lifetime mortgage if it is not the right financial step for them. ER4You will take the time to assist you in potential alternative options to help provide you with the right solution.

We pride ourselves on our moral and ethical stance and we are always happy to talk you through all the details of equity release. Rest assured that we will provide you with the knowledge to make a carefully considered decision, but the final decision will rest with you.

Equity release has grown in popularity over the past few years as more people are inquiring about what is equity release in the UK. However, a more important question you should be asking is how equity release can benefit you and why should you consider it?

What is Equity Release UK?

Equity release simply refers to the amount you can withdraw against the value on property if you are over 55. It is one of the easiest ways to access to a huge volume of money attached to your home, which can be released as a lump sum, in instalments or a combination of both. There are basically two major equity release plans: lifetime mortgages and home reversion plans.

A lifetime mortgage allows you to withdraw a lump sum of cash based on the value on listed property. You still retain the homeownership rights and don’t have to pay any monthly interest rates. The money you release and the total accumulated interest rates is usually paid back when you pass away or move into long-term pay care.

While in-home reversion plan, you sell a portion of your entire residence in return for a lump sum of cash or as a regular income. You don’t need to pay any monthly interest rates. However, the price the provider pays is below the market value as you will still be allowed to stay in your home, rent-free for the lifetime.

Key Advantages of Equity Release

  • You get access to tax-free money that you can spend the way you want.
  • You always get to stay in your home no matter what equity release plan you choose.
  • You are not required to make any monthly repayments unless you want to.
  • You will never owe more than your on property value.
  • You can withdraw money whenever you like and as many times as you want.

Whether you are looking to release equity on your residence or need advice on choosing the right equity release plan, our professional financial advisers are just a call away.

Please contact us today to find out more.