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Equity ReleaseIf you are a homeowner aged 55 or over then Equity Release may be the solution for you. These are not easy times and the cost of living seems to increase week by week as income remains static. Thousands of homeowners have found that these products provide a safe way of releasing money from their homes. Reasons vary widely as to why people choose equity release and the money can be used for any legal purpose including the following popular choices:
It's important to understand that Equity Release does have disadvantages as well as benefits. A cash lump sum or income from an equity release scheme may reduce the borrower's eligibility to state benefits. Also, an equity release scheme will reduce the value of the borrower's estate and may leave nothing to pass on as an inheritance. It is therefore essential to get sound advice from a qualified professional as this will help you determine whether equity release is a suitable option. At Burwoods, an initial meeting with our fully qualified adviser is always free of charge and carries no obligation whatsoever. Equity release has changed significantly over the past few years and products are now safer and more flexible than ever before. Advisers offering advice must be suitably qualified and they are subject to strict rules and regulations. A good additional source of information is the SHIP (Safe Home Income Plans) website at www.ship-ltd.org. |
