Equity Release
Equity release refers to various ways that older homeowners can use their homes to generate income or a lump sum.
For example, you can use the money to take a holiday, carry out home improvements, or buy that little luxury.
There are two ways this can be done:
- Via a mortgage repayable on death, known as a lifetime mortgage
- By selling the property (or part of the property) but continuing to live in it during your lifetime, known as a home reversion plan
By accessing part, or all, of the capital in your home, you can take that holiday, do the home improvements or buy that little luxury, as well as cover the basic necessities.
With poor pension incomes, low investment returns and increasing lifestyle expectations, it is no wonder that thousands of people are using the value in their homes to improve their quality of life. *
If you want more information on equity release, a lifetime mortgage or home reversion plan, please call us on 0800 328 8432 or complete our enquiry form.
* Source – www.cml.org.uk, February 2005
Registered office: 31 Goldington Road, Bedford, MK40 3LH.
Hinton & Wild Ltd is authorised and regulated by the Financial Services Authority under FSA No. 438338.
Hinton & Wild Ltd is a member of the Home & Capital Trust Group.
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