DO YOU OR YOUR CLOSE FAMILY WISH TO EXPLORE ANY OF THE FOLLOWING BENEFITS OF EQUITY RELEASE ?………
E njoy the wealth in your property without having to move home
Q uash your credit card debts and loans ** See note at foot of page
U pgrade your home with an extension / new kitchen / bathroom / windows / central heating
I ncrease your monthly income by repaying your borrowings and cancelling your loan repayments
T ravel abroad more frequently to family and friends
Y ou require care assistance at home
R educe Inheritance Tax on your estate
E njoy more frequent holidays and leisure breaks or your first cruise
L eave an early inheritance to your children
E nhance your savings or monthly income by deferring your mortgage repayments
A ssist your children with their wedding, buying their property or eliminating their debt
S ave for your grandchildren’s education
E xchange your car for a newer model
If YES is your answer to any of the above questions and you would like a FREE non-obligation telephone consultation to explore your Equity Release eligibility and options, then please call me on 01268 761022 / 07901 948745; Ask for
MARTIN ENGLEMAN Associate of the Institute of Professional Will Writers
Diploma Certificates in Mortgage Practice & Equity Release (Personal Finance Society)Advanced Financial Planning Certificate (Chartered Insurance Institute)
Equity release plans are available to homeowners who are age 55 or over, and can be used to raise a tax-free lump sum or additional income from your property.
An equity release plan is a way of accessing the money tied up in your property without having to move home – your ‘equity’ is the value of your home, minus any outstanding mortgage. Because property prices have generally increased over time, many people’s homes are now worth more than what they paid for them, which means those at or approaching retirement could have more money tied up in their home than available from their savings and income.
The money that you release is tax-free and can be spent in almost any way you want, plus there are typically no repayments to make unless you wish to. With lifetime mortgages, the most popular type of equity release, you continue to own 100% of your home and the plans are ‘portable’ which means that you can still move home in the future if you wish.
All plans come with a no-negative equity guarantee, so you can never owe more than your home is worth, plus some plans include options to guarantee an inheritance for your beneficiaries.
Specialist equity release advice is essential in order to discuss the effect on the amount of inheritance you can leave, and if your entitlement to means-tested benefits could be affected now or in the future. Other important things to consider are whether there are any alternatives to equity release, such as downsizing, or if there could be early repayment charges should you wish to pay off an equity release plan early.
You can release a lump sum of cash from the value of your property, whilst maintaining 100% ownership of your home. There are no monthly repayments to make as the amount released, plus any interest accrued, is repaid from the sale of your property when you pass away or move into long-term care, or decide to sell your property before such events
This is similar to the standard lifetime mortgage, but with more flexibility on how you take your money. Rather than just receiving a one-off lump sum, you can release your cash over time, as and when you need it. Because you only accrue interest on the cash you have taken, this can be a more cost-effective way to release equity.
This is like a standard lifetime mortgage, however you can choose to make repayments in full or on an ad-hoc basis to reduce the effect on the value of your estate. Some plans allow you to make repayments that are equal to or less than the amount of interest that is charged. The balance is paid off from the value of your estate once you have died or moved into long-term care.
A home reversion plan allows you to exchange the ownership of your property for a lump sum of cash, and the right to stay in your property, rent free, for the rest of your life. Because you can continue living in your home rent-free for life, you would generally receive an amount for your property that is lower than its market value.
I work with one of the UK’s leading equity release specialists, Age Partnership. Their qualified advisers can help you decide if it’s right for you and search the market for the scheme that best meets your individual needs and circumstances.
———————————————————————————————————
Simply view Age Partnership’s equity release calculator CLICK HERE
Then call Martin Engleman on 01268 761022 / 07901 948745
———————————————————————————————————
OPEN FOR BUSINESS 7 DAYS A WEEK !
** Think carefully before securing other debts against your home: by extending the terms of the debts, you will be increasing the overall cost
Equity release may involve a lifetime mortgage or home reversion plan: to understand the features and risks, ask for a personalised illustration
Age Partnership Limited is a Company registered in England No. 05265969, and authorised and regulated by the Financial Conduct Authority. FCA registered number 425432
Engleman Wills + Powers of Attorney + Probate + Equity Release
On behalf of APS Legal & Associates Ltd, Head office: Worksop Turbine Innovation Centre, Shireoaks Triangle Business Park, Coach Close, Worksop, Nottinghamshire, S81 8AP
APS Legal & Associates is a member of the Institute of Professional Willwriters
APS Legal & Associates complies with the Trading Standards Institute Approved IPW Code of Practice
Click on logo above for link to IPW website
Copyright © 2017 ENGLEMAN WILLS + POWERS OF ATTORNEY + PROBATE + EQUITY RELEASE 01268 761022 / 07901 948745 All rights reserved. | Terms and Conditions | Privacy Policy | Disclaimer | Copyright