Qualifying for Equity Release
Will I Qualify for Equity Release?
- To consider a Lifetime Mortgage option, you must be at least 55 years of age and own your home outright (or have a very small mortgage)
- For Revision schemes, you must be 55 years or above
Seeking personalised financial advice is the best way to assess your standing for a home equity release. For immediate insight on what an equity release scheme could do for you, try our equity release calculator below.
Can I Change My Equity Release Plan?
If you find a more competitive plan, you may be eligible to change your equity release scheme. You may also release more equity if your home increases in value, or pay the plan off early.
Remember that you will be paying more than you received in the initial loan however and some plans do carry an early repayment fee. All of these factors should be taken into account before proceeding and it is always best to discuss your personal situation with a financial adviser.
What were the circumstances that caused you to look for a financial adviser?
How has Craig Atkins helped you?
Craig has full knowledge of all the pension options in line with my long term objectives. He spent a lot of tiime walking me through the pros and cons and risk factors in plain English.
What could they have done better?
I don’t think Craig could have done a better job
– Equity Release Client, East Sussex
Can I Release Equity on a Buy to Let Property?
Homeowners and landlords now have the option to borrow the equity in their vacation or rental homes through home equity release schemes available on buy to let properties. The tax savings for landlords can be significant as interest payments provide tax relief against rental income. The funds released through these options can help with the acquisition of new properties, generating added rental income for landlords.
For further information on releasing equity from Buy to Let properties, please contact us below.
Ready to find out more? Get started today with a free initial consultation!
Contact us today and a member of our team will be happy to provide you with more information about equity release