Is releasing cash from your home right for you?
Today, we are typically a cash poor but property rich society. For many people, your home is likely to be your biggest financial asset and you may be considering Equity Release. It’s often worth much more than any other investments or savings.
However, getting your hands on this cash to pay for renovations, long-term care or retirement is a major step. It requires selling your home, downsizing or releasing your cash in some other way. There are lots of things to consider.
First off you need to understand clearly what’s involved. Releasing equity is simply the process of making the money in your home work for you, either by giving you a cash lump sum or a regular income. There are many options, depending on where you are in life.
Depending on your financial situation, we can help direct you towards the best option:
· helping you to consider the most appropriate way to generate cash or income;
· highlighting the risks and real costs involved;
· illustrating how the value of your estate will decrease;
· discussing the implications for your family on your death.
If you’re thinking seriously about releasing equity we may consider things you haven’t. Why not talk through your ideas and concerns with us today?
Contact David Butler to discuss your Equity Release needs and objectives. Email email@example.com or call 01224 784030.
David is a member of the Society of Mortgage Professionals, the Chartered Insurance Institute and The Personal Finance Society.
Professional Equity Release advice for Aberdeen and Aberdeenshire.
Get in touch to arrange a free review
‘Equity Release’ refers to home reversion plans and lifetime mortgages. To understand the features and risks ask for a personalised illustration.
For Equity Release advise we charge a fee of £495 and we will also be paid by the lender.