Types of Schemes Available

Lifetime mortgage - Drawdown Schemes

Most people making enquiries for equity release will say they want to release the maximum they can when in practice they may only need a fraction of this to satisfy their initial needs. For these people the best way is to release a smaller amount initially with the facility to take further advances in the future. Further advances can be for as little as £2,000 and the advantage of this is that interest is only accruing on the money you have had so far. The minimum initial amount is usually £10,000 and can consist of an income payable or a lump sum.

To find out how this type of equity release scheme could help you, freephone: 0800 783 8229

Home Reversion Scheme

You sell part or all of your property ownership in exchange for a tax free lump sum with the right to live in the property rent free for the rest of your life or until 2nd death, if joint life basis or you move into care or the property is no longer your main residence.

Of course to make sure you get the right advice on the right equity release scheme for you we offer a free initial consultation. Simply call free today on: 0800 783 8229