Equity Release

When planning for retirement, it’s important that you take into consideration all of your assets. For some of us, after working a lifetime to pay for our retirement, we can discover that our pensions, savings and investments are not sufficient for us to enjoy our retirement the way we thought we would. It is at this point it becomes important to make use of all the assets we can. For most of us, our biggest asset remains our home, which is why Equity Release may be the solution for you.

Equity Release

When planning for retirement, it’s important that you take into consideration all of your assets. For some of us, after working a lifetime to pay for our retirement, we can discover that our pensions, savings and investments are not sufficient for us to enjoy our retirement the way we thought we would. It is at this point it becomes important to make use of all the assets we can. For most of us, our biggest asset remains our home, which is why Equity Release may be the solution for you.

Equity Release Schemes also known as Lifetime mortgages, allow people over the age of 55 to release a lump sum from their property, whilst continuing to live in their property for as long as they wish. With property prices at historically high values more and more people are considering Equity Release as an option.

There are different types of scheme and we can assist you in deciding which is right for you:

  • Roll Up – Interest is charged on the amount you wish to raise, but instead of you paying the interest back to the provider each month, the interest is rolled up onto the loan.
  • Interest Only – So long as your income allows, you can decide to pay back the interest on the loan or part of the loan each month, to keep the amount you owe to the lender to a minimum.

With so many different lenders in the marketplace, it is important to take independent and impartial advice before making a decision that is likely to affect you for the rest of your life. We can help you with this decision.

Ready to talk?

 

Our financial advisers are here to help. To arrange an independent review, email us below or contact the team on 01803 652030.

 

Ready to talk?

 

Our financial advisers are here to help. To arrange an independent review, email us below or contact the team on 01803 652030.

 

Regulated by

Pavey Group Financial Services Limited is authorised and regulated by the Financial Conduct Authority Registration No. 463257. Registered in England No. 3418320. Registered address: 50 The Terrace, Torquay, TQ1 1DD.

Office

Minerva House
Orchard Way
Edginswell Park
Torquay
TQ2 7FA

Tel: 01803 652 030

IFA

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