Equity Release Specialists in Eastbourne
Are you aged 55 or over and interested in releasing equity from your property? An equity release plan enables individuals of 55 plus to release money from their property, without the need of monthly repayments.
What is Equity Release?
There are two forms of equity release: Lifetime Mortgages and Home Reversion plans. These types of products enable homeowners to either release a lump sum, or regular smaller sums (or even a combination of both). These funds can then be used for multiple purposes, from making home improvements, to gifting money to a loved one to help them get onto the property ladder.
- Lifetime Mortgages - A lifetime mortgage is a loan secured on your property that enables you to release tax-free cash without the need of moving. You are essentially borrowing money against the value of your home but you are not required to repay this until you move into long-term care or pass away.
- Home Reversion Plans - Home reversion allow homeowners to sell between 25% to 100% of their home and in return receive either a lump cash sum, or a regular income (or both), whilst continuing to live in the property.
Both Lifetime Mortgages and Home Reversion plans are regulated by the Financial Conduct Authority.
Is Equity Release right for you?
Equity release is particularly helpful for homeowners who are near the age, or even those that have already reached, the age of retirement. There are many equity release schemes and providers on the market, so it's important to deal with an equity release expert who can guide you through the options available to you.
At Coastway Financial in Eastbourne, equity release is our speciality and our expert advisors will find an equity release plan that fits your individual situation. Simply contact us today to arrange a free initial consultation.
