How does our advice work? When considering releasing equity from your home, it’s important to explore all your options to ensure you’re making the best choice for your needs. This could mean downsizing, using your savings, or looking into other borrowing options first. Unlike companies that only advise on equity release products, we take a more comprehensive approach. Our expert advisers explore all possible options to find the one that’s right for you based on your specific needs and circumstances.
Here’s what we consider as part of our advice process:
Lifetime mortgages If you’re aged 55 or older, this option allows you to unlock some of the tax-free cash tied up in your home while keeping full ownership. It’s a loan secured against your property, and you can choose to take the money as a lump sum or in smaller amounts over time as you need it after an initial amount is taken. Interest-payment lifetime mortgage Like a standard lifetime mortgage where you release cash from your home, however with this option you agree to make monthly interest payments, helping to reduce the total cost of borrowing over time.
These options are both loans secured against your home.
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