Equity Release
Is releasing cash from your home right for you?
Today, we are typically a cash poor but property rich society. Soaring values mean that for many people, your home is likely to be your biggest financial asset. It’s often worth much more than any other investments or savings.
However, getting your hands on this cash to pay for renovations, long-term care or retirement is a major step. It requires selling your home, downsizing or releasing your cash in some other way. There are lots of things to consider.
First off you need to understand clearly what’s involved. Releasing equity is simply the process of making the money in your home work for you, either by giving you a cash lump sum or a regular income. There are many options, depending on where you are in life.
Equity release refers to home reversion plans and lifetime mortgages. To understand the features and risks, ask for a personalised illustration.
For mortgages and equity release we can be paid by a fee of £750 or we can be paid by commission.
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For more information on Equity Release, please complete our client enquiry form and one of our advisers will call you back to arrange an appointment. Alternatively you may telephone us on 01254 823 395 or email us at info@travisyates.com
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