Down

Tel: 01483 531025 Email: info@heritageima.com

Equity Release

Today, we are typically a cash poor but property rich society. Soaring values mean that for many people, your home is likely to be your biggest financial asset. It's often worth much more than any other investments or savings.

Equity Release

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.

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, depending on where you are in life.

Planning for the future

Consulting a financial adviser before making any concrete decisions is wise. Borrowing against or selling your home is a long-term financial commitment. Some lifetime mortgages add the interest to the amount you owe each year; this will reduce the remaining equity in your home, so if you live a long time or house prices fall, there may be no equity left for your heirs to inherit.

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 equity release, we may consider things you haven't. Why not talk through your ideas and concerns with us today?

'Equity Release' includes home reversion plans and lifetime mortgages. To understand the features and risks ask for a personalised illustration.

Interest can be accumulated.

Equity Release

Is releasing cash from your home right for you? Visit our specialist equity release website or call us on 01483 531025 for further information

Equity Release Site

Get in touch with us...

Head Office

4 Quarry Court,
Lime Quarry Mews
Guildford, Surrey GU1 2RD

 

T: 01483 531025
F: 01483 531040
E: info@heritageima.com

Top