There are various ways you can unlock some of the market value (or equity) in your property. For example you could downsize to a smaller property or one of lower value - perhaps by moving to a different part of the UK where house prices are cheaper.
Downsizing will give you maximum value from your home, but there may be disadvantages such as the hassle, disruption and cost of moving. You may also be very attached to the area where you currently live.
There is however a solution that allows you to stay just where you are. Equity release plans are now available that allow you to release much needed cash from your home, whilst retaining the right to live in it for the rest of your life.
If you still have an outstanding mortgage on your property you must pay if off, either by using some of the proceeds from your plan or from other funds. Once that's done, the money you release can be spent as you wish. This could be on holidays, a new car, new conservatory or meet unexpected situations such as health care.
Most importantly, your equity can help you fund your retirement or provide reassurance that your spouse will have enough to live on when you die.
These schemes can be helpful in certain circumstances but are not suitable for everyone.
Please complete the contact us form and we will get back to you to discuss your individual situation and requirements.
EQUITY RELEASE SCHEMES WILL REDUCE THE VALUE OF YOUR ESTATE AND MAY AFFECT YOUR ENTITLEMENT TO STATE BENEFITS. TO UNDERSTAND THE FEATURES AND RISKS ASK FOR A PERSONALISED ILLUSTRATION FOR EQUITY RELEASE THERE WILL BE A FEE OF £795
WHAT OUR PAST CLIENTS HAVE SAID
Key Financial Associates Ltd is an Appointed Representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading style of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales number 6574873
An administration fee of £100 at application and up to £295 fee depending on pre-agreed fee amount payable on completion. A typical fee would be £195.
Key Financial Associates Ltd act as a credit broker not a lender for Buildings and contents insurance.
Some of the products/services shown above are not or may not be regulated by the Financial Conduct Authority