Equity Release

Retirement should be a time when all of us are able to turn our attentions to those things we never had time to do whilst we were working.

Actually being able to do so mainly depends on our continued good health and our continued good wealth. Fortunately, many of us have the health but, unfortunately, many have not built up sufficient wealth to be able to undertake these activities. What goals have you planned for your retirement?
  • Undertake home and garden improvements
  • Spend time with your grandchildren
  • Buy a new car
  • Holiday regularly
  • Buy a holiday home
  • Pay off your loans and credit cards
  • Provide funds for your care fees
  • Spend more time playing golf, bowls etc
If you own your own home, even if you still have an outstanding mortgage, there is a solution which may provide the cash resources for you to accomplish your retirement goals. It's called Equity Release.

What is Equity Release?

Equity Release enables you to benefit from the value of your home without having to move. Funds released can be in the form of a Cash Sum, an Income, or a combination of both, and you're free to spend it as you wish.

However, Equity Release is not suitable for everyone.

What about Home Reversion Schemes?

Home Reversion Schemes allow you to sell your home but retain the right to live in it for the rest of your life. Some schemes also enable to you sell a portion of the house so that some money can be left as an inheritance.

Home reversion plans will typically raise greater sums at younger ages than you would receive from a lifetime mortgage (Equity Release).

What alternative solutions should you consider?

  • Should I move instead?
  • Do I have other assets or savings I can use?
    (An Inheritance, Investments, or maturing life policies, for example)
  • Am I entitled to any means-tested state benefits?
If you still feel, after investigating the alternatives above, that Equity Release or Home Reversion may be the most suitable solution for your circumstances, make sure you seek professional advice from a qualified Equity Release Adviser.

At New Leaf Advice Centre, we have fully qualified Equity Release specialists to guide you through the process of making the right decision.

and, if it's not right for you, we'll tell you.

Why use New Leaf Advice Centre ?

At New Leaf Advice Centre we firmly believe in treating our customers fairly; a philosophy prescribed by the Financial Services Authority.

We are pleased to offer all our clients the following service agreement:

  • Transparancy
  • Appropriate documentation
  • Confirmation of our fees, before providing any advice

Click here to arrange a meeting with one of our Advisers.

 

There may be a fee payable for Equity Release advice. The maximum fee for advice is £695.

To understand the features and risks of Equity Release plans ask for a personalised illustration.

New Leaf Advice Centre Ltd is an Appointed Representative of New Leaf Distribution Ltd who are authorised and regulated
by the Financial Services Authority in respect of General Insurance mediation only. FSA number 460421.

Registered Company Address : Princess Caroline House, 1 High Street, 1st Floor, Southend on Sea, Essex. SS1 1JE
Company Registration Number : 6045826