Is Equity Release the right product for you?
Equity Release or Lifetime Mortgages can be ideal solutions when looking to free up capital later in life. There are a number of options available and by understanding your situation, we can help pin-point the right products based on your ideal outcomes.
Lifetime mortgages are a loan secured against your home. The principal difference between normal mortgages and Lifetime mortgages are in the case of the latter, the loan does not need to be repaid up until you die or go into long-term care. It can benefit certain home owners by freeing up some of the wealth you have tied up in your home, whilst allowing you to still live there.
Home reversion schemes offer you the facility to sell all or part of your home in return for a cash lump sum, a regular income, or in some cases, both. Your home, or the part of it you sell through the transaction becomes the property of someone else. Home reversion schemes are designed to allow you to carry on living in the property up until you die or decide to move out.
Understanding the right options?
There are numerous options and outcomes when exploring Equity Release plans, freeing up capital from your home and utilising the money during your retirement can have plenty of benefits, although it’s necessary to explore what impact this may have later down the road. At Nsure we take great care in understanding what you are looking to achieve both in the short and long term and will advise which policy, options and plans could suit your requirements the most.