Release capital from your Assets

 
Did you know that the average house price in the UK in 1981 was £25,600. 26 years later the average price is now £198,500.
 
Many of you will have bought your houses more than 20 years ago and will have benefited from large increases in property prices. With prices expected to stabilise in the future, many retired homeowners are sitting on a very valuable asset; their home.
 
If you are over 55 then Lifetime Mortgages are a way of unlocking some of the equity that’s tied up in your home, which you can use now, potentially opening up all sorts of opportunities in retirement.

Money isn’t everything, but being forced to compromise on a lesser lifestyle in retirement can be a difficult experience.

Having to count the pennies can not only stop you pursuing opportunities that life has to offer, but it may also mean missing out on the lifestyle and dreams you had intended for your retirement.

There are two main types of Equity Release schemes: Home Reversion Schemes and Lifetime Mortgages.

Home Reversion schemes allow homeowners to unlock the equity in their home by selling all or part of it for a cash lump sum, whilst at the same time retaining undisputed legal possession for their lifetime.

A Lifetime Mortgage enables you borrow a set amount of money against the value of your home in the form cash, an income or a combination of both.

Lifetime Mortgages and Home Reversion schemes are highly specialised and complex products and it is vitally important that good quality independent advice is taken prior to entering into any arrangement, as the schemes are very difficult and expensive to exit from in the event they turn out to be unsuitable.

Darren Turnbull has undertaken and passed with distinction the required qualification in this field and will ensure that all of the advantages and disadvantages of these schemes are fully explained before you enter into any contract with your first consultation being free.

Please contact him today by clicking HERE or by telephone on 01228 597986 and make sure that you get the best from your retirement.

Financial Concepts only use providers who are members of SHIP (Safe Home Income Plans). This is a voluntary regulatory body whose members must abide by strict guidelines that protect clients as much as possible.

Equity Release is a Lifetime mortgage. To understand the features and risks, ask for a personalised illustration. Please note that there may be a fee for any lifetime mortgage advice that we may give you. This will be £500 and is non-refundable.

**Warning: Your property may be repossessed if you do not keep up repayments on your mortgage**