EQUITY RELEASE

What is equity release?

This is a method of releasing money (equity) from your home while you still live there.

This financial product is available to people over 55. If you are a couple, both partners must be 55 or over. 

You can opt for no repayments until you die or are taken into a care home or you can make regular payments to stop the interest from accruing. You can also make ad hoc payments if you don’t want the commitment of regular payments. It is essential to discuss this option with a financial advisor, so you fully understand how this form of borrowing will affect your long-term finances. 

 

How much can you release?

This depends on your age and the value of your home.

 

What can the money be used for?

You can use the money for whatever you want!

Clients will often choose this option to –

  • Pay for home improvements

  • A Special once in a lifetime holiday  

  • To help a child buy their first home

 

Is there tax to pay?

No, this a tax-free way to release money from your home.

 

Get advice on Equity Release from Cruze Financial Solutions.

You can only obtain an equity release mortgage via a qualified financial advisor who specialises in these types of mortgages.

Our role is to get to know you and understand your needs. Our strict code of ethics means we will help you understand the implications of an equity release scheme and discuss the pros and cons. We will help you understand what other options might suit your circumstances to help you to decide the best route for you. We have access to every equity release provider in the marketplace. We are also a verified member of the Equity Release Council.

 

Easy to understand advice 

 

We offer a transparent language service to assist you with the decision-making process. It is so important to us that our clients fully understand an equity release mortgage. We guarantee we will never try to upsell or push clients on decisions.

It is important to note that if you are receiving any state means-tested benefits, equity release payments can affect your entitlement.

 

Understanding Equity release is made easier by dealing with an expert. We will be able to answer any questions you have, present the facts clearly and concisely so you can make an informed decision which is right for you.

We always advise discussing with your family or a trusted friend.

 

Other options you might wish to consider instead of equity release

  • A re-mortgage

  • Downsizing your home to release capital

  • Other loans

  • Accessing savings

 

If you want to explore and find out more about equity release, call us now to arrange a no-obligation discussion.

Happy Grandparents