Areas of Advice : Equity Release

There are many people in the UK that reach retirement with insufficient savings to fund the income they require when they have stopped work. As a consequence, this leaves many people having to consider how they can use their biggest asset to help fund retirement – their house.

For some, downsizing their house to a cheaper property allows capital to be released. However, not everyone wants to leave their home and Equity Release provides an option to remain in the property whilst releasing a lump sum to help fund retirement.

Equity Release is not for everyone and it is important that all the issues are considered as releasing a lump sum can affect your income tax position, entitlement to means tested benefits and the reduction in the inheritance that you pass on.

There is clearly much to consider and we have the experience and expertise to be able to guide you to make the right decision. If it is right for you, we have the resources to conduct full analysis to ensure that the right Equity Release option is chosen to meet your needs in a simple and effective manner.

Who Typically Requires Advice?

• Somebody wanting to release a lump sum from their property.
• Somebody wanting to increase their financial resources in retirement.
• Somebody wanting to benefit from the equity in their home without having to move.