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Equity Release factsheet
An equity release scheme may be something you wish to consider if you would like to convert some of your home’s value into a lump sum or regular income. The equity release company will have a charge against your property, like a mortgage, but you will have no monthly repayments. Every year the scheme is in place, the higher the amount will be due back to the equity release company.
Equity release is not the only way you can raise money and other options may be more suitable for you, so the right advice is very important. We work very closely with experienced Equity Release consultants and we would be happy to put you in touch with them, who at no charge will assess your current needs and circumstances, and work out whether Equity Release is a suitable and viable option for you.
Equity release schemes are also a specialist area for conveyancers, and Elliot Mather are pleased to have several experienced members of staff who can assist you in these matters.
There are many reasons why our clients chose Equity Release. For many its a natural choice to release some money from their biggest asset to help fund their retirement plans. You may have no children to leave your estate to or decide you wish to enjoy the benefit of your hard work now and these schemes can be used for:
Home Improvements Topping up retirement income New car purchase Leisure and holidays Paying for private healthcare Helping children / grandchildren
If you would like us to act on your behalf on an equity release or require further information or advice call a member of our conveyancing team at the office local to you or drop us an email.
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