There are many reasons why you may think about an Equity Release.
- Your Home is your most valuable possession and investment, although this may make you asset rich you may not have a great deal of cash or income. You may have paid off your mortgage but now be retired and surviving on a relatively low income.
- You may have been retired for some time and you may feel that your income and savings do not meet all of your financial needs. Your day to day living costs may be more expensive than previously whilst your income has stayed the same or reduced.
- You may want to obtain a cash lump sum for repairs to your home or to treat yourself or the family.
Turning the value of your home into cash may help you in any of these situations. Your experienced adviser at Perspective South East can assist you with understanding the benefits and risks involved with Lifetime Mortgages and Home Reversion Plans.
YOU MUST REALISE THE RISKS OF AN EQUITY RELEASE SCHEME AND APPRECIATE THAT ONCE THIS EQUITY IS SPENT IT IS GONE. AN EQUITY RELEASE SCHEME IS NOT ALWAYS THE BEST WAY TO SOLVE FINANCIAL PROBLEMS.
This is a lifetime mortgage or home reversion plan. To understand the features and risks, ask for a personalised illustration.