Put simply an equity release plan allows home owners over the age of 55 the potential to release some of the equity from their home as either a tax free lump sum or in smaller instalments should they so wish
The money can be used for whatever you like with some of the more common reasons being:
· Going on holiday
· Helping family members onto the property ladder
· To purchase a new car
· Home improvements
· Pay off existing mortgage
· Pay off credit cards of loans
Here at New Wave Retirement Solutions we offer a free no obligation consultation from a fully qualified Equity Release specialist. They’ll offer you clear and simple advice throughout the process ensuring you fully understand all of the implications of entering into an equity release plan before you decide to proceed.
We are also regulated by the Financial Conduct Authority so you can be confident that all of our advice has your long term needs in mind.