What Are My Options?


There is a huge range of options that can be tailored to your specific needs. Once you have decided that Equity Release is right for you there two types of products provided by a wide range of Lenders. The appropriate plan for you will form part of any impartial recommendation from the Independent Financial Adviser.

Among the options it is possible to set up a drawdown reserve to provide additional money as and when you need it. There are also products which allow you to pay interest if you would prefer to avoid the roll up of interest.

 

There are two key options on how Equity Release could work for you. The highlights are compared in the table below.

Lifetime Mortgage

  • You take out a loan secured on your property
  • You continue to own your own home
  • The mortgage is repaid from the proceeds of sale on death or earlier vacation – perhaps to a care home
  • The loan can be a regular income, cash lump sum or a mixture of both
  • Fixed or variable rate of interest is added to the loan – monthly or yearly
 

Home Reversion Plan

  • You sell all or part of your house to a reversion company
  • You receive a cash lump sum
  • You no longer own the house, or portion sold, but continue to live there as a tenant of the reversion company
  • The house is sold on death or earlier vacation – perhaps to a care home

An Equity Release Plan will reduce the value of your estate, will not be suitable for everyone and may affect your entitlement to State Benefit. To understand the features and risks ask for a personalized illustration.

To arrange an appointment without obligation go to our Enquiry

To ask a question without obligation call the Equity Release Helpline on 0845 122 9920

Bristol Equity Release is a trading name of Wentworth Financial Services who are an Introducer for Key Retirement Solutions Limited - the UK's leading independent financial advisers specialising in equity release. Key Retirement Solutions is authorised and regulated by the Financial Services Authority. Key Retirement Solutions’ typical fee is 1.65% of the amount released and is payable upon completion of a plan. The Lender or Reversion Company will pay Key Retirement Solutions a procurement fee (commission) which is retained.

Email: enquiries@bristolequityrelease.co.uk

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