How does Equity Release Work?
For homeowners who are retired or coming up to retirement, equity release can be a great route. There are a number of equity release products on the market from a wide range of brokers. This makes it even more important that you are using equity release experts to assist you in the process.
Equity Release Terms
Equity release offers homeowners the opportunity to access cash from their property whether this be as a lump sum or regular payments. Equity release is often used as a solution to make enhancements on your home, help family members make a move onto the property ladder or to pay for a big life event.
For equity release there is no affordability calculator or monthly fees. Payments are made upon the sale of your property or after death. The important aspects are your age, the type of property you have and the location of your property.
For independent financial advice you can trust book a consultation with one of our equity release advisers today. We will discuss your circumstances to find the ideal plan to suit your requirements. For more information please call us today on 01323 335 007 or email enquiries@coastwayfinancial.com.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.