Equity Release refers to any product that allows you to unlock the money from the value of your property.
These types of mortgages are sometimes referred to as lifetime mortgages. This is because they don’t have to be repaid until you die (and your partner, for lifetime mortgages) or you need to go into long-term care. This means that you can use and enjoy your wealth whilst you are alive. You may want to renovate your home, help your children or family member, go on that once in a lifetime holiday or simply supplement your existing income.
Equity Release is highly specialised. We know that accessing the equity out of your property is not for everybody. We offer advice not just on the equity release product itself, we also advise on whether equity release is right for you and your circumstances. Through thorough discussions and reflection time, releasing value from your home can be an easy process that will be jargon free and explained in full.
Whatever your thoughts, call Asquith Hart and allow one of our experts answer any questions you have.
N.B. Equity Release will reduce the value of your estate and can affect your eligibility for means tested benefits.