Ipswich Financial Adviser

Well you have now. These products allow people who are over the age of 55 to withdrawal money from their property and not have to make repayments to the money they have borrowed. The capital and interest that is owed, usually, rolls  up overtime and is repaid from the value of the house in the future. You have the right to remain resident in your home until you either die or go into long term care.

You can have a lump sum of money, take a regular income or a combination of these and either roll the interest up or pay the interest every month so that the debt does not increase.

Equity Release can be very flexible and can be used for many different things. Some of the popular reasons are often to help to increase peoples standard of living in retirement, for a new car, holidays or repay a mortgage or other debts.

Equity Release is fully regulated by the Financial Services Authority. It must be stressed that Equity Release is not for everyone, however, there are many people that might find it very useful.

If you would like further information on Equity Release please feel free to contact Thompson Financial Consulting.

*Equity Release refers to Home Reversion and Life Time Mortgages. To understand the features and the risks ask for a personalised illustration.