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ifa@griersons.co.uk

Genuinely independent,financial advice

Equity Release

Equity Release

If you are in your mid 50's or older you might have paid a substantial amount off your mortgage, or be close to doing so. The value of your home may have risen considerably lot since you bought it, but you might still be short of money to spend, invest or even pay your standard mortgage off.

Equity Release is a way of raising money from the value of your home.

When the “equity” value in a home is released on the householder trading down to a smaller property, the cash which is realised could be applied to provide additional income, to establish a trust fund, or to fund some major item of expenditure. But the same options can be available even without the property being sold, if the householder uses an “Equity Release” scheme.

Such a scheme can present further tax-planning opportunities, because the value of the equity which is released, is regarded as a debt against the estate of the householder which reduces the value of the state for tax purposes. Consequently, equity release may be of value to clients who do not require additional income, but can regard this an an estate planning tool.

We can look at all your options for releasing a part of the value of your home in return for a cash lump sum, or income to spend as you wish.

Let us offer you a free initial consultation to discuss your financial objectives. Explain what we do and to obtain information about you that will allow us to establish if we can assist you and indeed that you want our assistance.

EQUITY RELEASE MAY INVOLVE A LIFETIME MORTGAGE OR A HOME REVERSION PLAN. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION.

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