What is Equity Release?
Equity Release is a way of converting some of the value that is tied up in your home, into money you can use now for whatever your requirement may be. This means you can benefit from the value of your home without having to move to a cheaper area or moving out of the place you call home.
Equity Release schemes allow you to release tax-free cash from your home.
Equity Release Quote offers schemes that:
- Are regulated by the FSA (Financial Services Authority)
- Safely utilise equity from your home
- Allow you to spend the cash as you wish
- Have No monthly repayments
- Allow you to stay in your home for life
Why use Equity Release?
Money isn't everything, but being forced to compromise with a reduced lifestyle can be a difficult and upsetting experience. Having to watch your money can not only stop you pursuing opportunities that life has to offer, but may also mean missing out on socialising and not keeping in touch with friends and family!
There are many reasons why people choose to use Equity Release. There are no restrictions on what you can use the money for. Here are the most common uses our clients have spent their money on:
- Home improvements
- A special holiday of a lifetime
- Private medical care
- Helping family members
- The security of an emergency fund
- Repaying an existing mortgage
- Generating additional income
- Improving lifestyle
What are the Advantages of Equity Release?
- It can provide a lump-sum of tax-free cash or a steady income (annuity), which can be index-linked, for the rest of your life.
- The No Negative Equity Guarantee (NNEG) protects the borrower in the event of a downturn in the housing market.
- If interest rates fall, borrowers are free to refinance their mortgages at a lower cost with other providers.
