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Equity Release Gloucester

Full review financial advice service - Later life planning Gloucester

I can source the best product that suits your own personal needs. Equity release is not suitable for everyone, let us help you to understand if it’s the correct option for you.

Equity Release allows individuals aged 55 years and over to release money from their property they live in without having to make monthly payments.

  • You continue to live in your home and still maintain 100% legal ownership
  • Make no monthly repayments – lender require no monthly payments towards the interest charged
  • No negative equity – you can never end up owing more than the value of the property

 

Equity Release Gloucester

There are 2 main types of equity release:

Lifetime Mortgage

You release a lump sum from the value of your property, whilst maintaining 100% ownership of your home. This amount, plus any interest accrued, is repaid from the sale of your property when you pass away or move into long-term care.

Home Reversion Plan

Here, you sell some or all of your property in exchange for a lump sum of money, whilst maintaining the right to remain living in your home, rent free, for as long as you live.

Equity Release Gloucester by David Adkins of Lighthouse Financial Advice Gloucester, Gloucestershire