Releasing equity from your property is one of the biggest decisions you may have to make, and should consider the following:

  • Equity release products may not be suitable for everyone and it is essential that you seek advice from a fully qualified equity release adviser before making any commitments.
  • Any money released from your home could reduce the size of your estate, thus, reducing the amount that you will be able to pass on to your family and loved ones.
  • Any equity released from your home will have to be paid back plus any interest accrued over time (negative equity can not be guaranteed.)
  • Equity released from your home could affect your entitlement to state benefits you may receive now or in the future.
  • Equity released may be tax free, however, it may affect your future tax position
  • Releasing equity from your home is not necessarily the right solution for everyone and should be based on the individuals circumstance.
  • There may be additional fees and/or early repayment charges that need to be taken into account if you wish to switch plans down the line.
  • All options should be considered when raising money which may include things like:
    • Downsizing your home which could be a wise option to free up additional monies during retirement.
    • You could ask family or friends for help, which may be an awkward conversation, but maybe they would rather help than see you struggle?
    • You could look at utilising savings or other investments

Clear Planning’s qualified equity release advisers can discuss the above considerations whilst helping you to understand your options in simple terms.

Contact us for a free, no-obligation discussion about the pros and cons of releasing equity from your home. One of our team of experienced advisers will help you understand whether or not you can apply for an equity release plan, and whether or not it is the most suitable choice for your circumstances.

Peace of mind

The equity release market has developed significantly in recent times. All of the lenders that we work with are regulated by the Financial Conduct Authority (FCA).

While this can give you significant peace of mind, there are many other things that you should consider before you make a decision on whether or not to go ahead. Again, we will discuss each of these with you before we make our recommendation.

We always maintain a stringent set of standards, including:

  1. A no negative equity guarantee, meaning that you will never owe more than the value of your home
  2. The right to move home at any time, meaning subject to approval from the lender, if you move to a suitable property you can take your plan with you
  3. Finally, you have the right to stay in your own home for the rest of your life, or until you need to move into full time long term care

The availability of an equity release plan is subject the lenders criteria, terms and conditions.

Equity Release may involve a home reversion plan or a lifetime mortgage which is secured against your property. To understand the features and risks, ask for your personalised illustration.

We provide initial advice for free and without obligation. Only if you choose to proceed and your case completes would a maximum fee of £995 be payable from the amount released.