EQUITY RELEASE & LIFETIME MORTGAGES

As life expectancy in the UK increases more of us will find that we have insufficient funds for retirement yet are sitting in properties of significant value. Rather than selling your property and downsizing there are now a number of options to allow you to stay in your family home and gain access to some of the equity.

Equity release plans – also called lifetime mortgages, home reversion or home income plans – are a way of releasing money, whether to buy a new car, to pay for a holiday or home improvements, or simply to help you maintain your accustomed lifestyle. These schemes essentially allow you to borrow money against the value of your home, with the debt typically being repaid from the sale proceeds after your death rather than having monthly repayments to meet.

Receiving independent and qualified advice in this area is vital. Our specialist advisers at Stirling House can guide you through the vast options available to find the right solution for you. Contact us to arrange a FREE consultation from one of our equity release specialist for expert and independent advice on your equity release options