Buying a property can be one of the biggest and most important decisions we make, often with many twists and turns along the way. It is for this very reason that we believe seeking impartial, whole of market mortgage advice is beneficial
Equity Release products are designed for people over 55 to take cash value from their homes without having to move. There is a wide range of Equity Release products which can provide a valuable source of income for some people.
These schemes allow the borrower to stay in their home and benefit from the cash released from the equity of their property until certain events occur for example moving into long-term care or death. At this point the lender will be repaid, usually through the sale of the property.
There are different types of Equity Release Scheme, some of which mean ownership or part-ownership of the property passes to the Equity Release provider and others where a cash sum is drawn from a promise to repay the lender on the sale of the property. It is important if you are considering an Equity Release scheme to understand the differences between these scheme types and this is something we can help you with.
Equity release can be very useful in some circumstances but it is essential to seek advice on whether it is suitable for you. We will help you understand if it is the right option for you, so please get in touch if you are considering an Equity Release scheme. We are experts in this market and will make sure you receive the right advice.
Please note: This is a Lifetime mortgage. To understand the features and risks, ask for a personalised illustration.
JonSimon Financial Advice Ltd is an appointed representative of Intrinsic Financial Planning Limited and Intrinsic Mortgage Planning Limited, which are authorised and regulated by the Financial Conduct Authority. Auto-Enrolment is not regulated by the Financial Conduct Authority.
JonSimon Financial Advice Ltd are a limited company registered in England and Wales. Company Registration Number: 08499050. Registered Office: 10-12 Church Street West, Radcliffe, Greater Manchester, England, M26 2SQ.
The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.
At JonSimon Financial Advice Ltd we respect your privacy and the confidentiality of your personal information.
Copyright © 2019 JonSimon Financial Advice Limited. All Rights Reserved
Powered by Adepteo