Want to free up the cash tied up in your property so you can help your family?

If you’re looking for a lump sum, or to increase your income, to help the grandchildren get through university or to help them on the property ladder, then releasing equity in your bricks and mortar could be just what you need.

Current estimates of student debt on graduating can be on average £44,000 or more. Not surprisingly more and more grandparents are helping cover university costs which otherwise could take up to 30 years to pay back.

If you’re keen to help why not talk to us about Lending in Retirement. We can show you various ways to free up your cash.

Please remember if you’re gifting funds and die within 7 years, this could create tax charges* in the future. However over the longer term, this could end up reducing any Inheritance Tax liability.

To be eligible all you need is:

• Typically to be over 60
• A property in good condition worth typically at least £70,000. The equity released can be used to repay an outstanding mortgage, or to make repairs or alterations to the property

 It’s your money and it’s tax free

• Basically you are mortgaging your house but don’t make any monthly payments
• You still own your home and can live there until you die or have to move into long-term care
• The maximum amount you can borrow depends upon how old you are, the value of your property and the individual lender you borrow from
• Under current legislation you won’t pay tax* on any money you borrow
• Interest is added to the loan every month with the total amount (loan plus interest) usually repaid from the sale of the property when you no longer need it
• If you prefer, you can pay into the mortgage to keep track of the interest or pay off the mortgage in time
• If the value of your property goes up over time you may be able to release more equity if you need it

HOWEVER

• Because you don’t make any payments on the loan or loan interest, the longer you live the more the loan amount grows and the less you may have to leave as a legacy – in some cases there may be nothing left BUT your estate can be protected.
• Releasing cash from your home may reduce your entitlement to state benefits

To find out if you are eligible, talk to us today and put yourself in the picture with a personal illustration.

* Any references to taxation are based on our understanding of current legislation and HM Revenue & Customs practice, which can change.

Want to free up cash to enjoy life’s little luxuries?

Life’s for the living. Make the most of it by releasing the equity locked up in your home.

If you’re looking for a lump sum, or to increase your income to treat yourself and your family then lending in retirement could be just what you need.

For many people having thousands tied up in a property but being short of spending money for the little things in life that matter simply doesn’t make sense. What can make sense is finding a way to access your cash without having to sell up and move home.

Talk to us about lending in retirement and we can show you various ways to free up your cash as a lump sum or a drawdown income.

Any sum you release is tax free* so it’s all your money and it’s entirely up to you what you do with it.

To be eligible all you need is:

• Typically to be over 60
• A property in good condition worth typically at least £70,000. The equity released can be used to repay an outstanding mortgage, or to make repairs or alterations to the property

 It’s your money and it’s tax free

• Basically you are mortgaging your house but don’t make any monthly payments
• You still own your home and can live there until you die or have to move into long-term care
• The maximum amount you can borrow depends upon how old you are, the value of your property and the individual lender you borrow from
• Under current legislation you won’t pay tax* on any money you borrow
• Interest is added to the loan every month with the total amount (loan plus interest) usually repaid from the sale of the property when you no longer need it
• If you prefer, you can pay into the mortgage to keep track of the interest or pay off the mortgage in time
• If the value of your property goes up over time you may be able to release more equity if you need it

HOWEVER

• Because you don’t make any payments on the loan or loan interest, the longer you live the more the loan amount grows and the less you may have to leave as a legacy – in some cases there may be nothing left BUT your estate can be protected.
• Releasing cash from your home may reduce your entitlement to state benefits

To find out if you are eligible, talk to us today and put yourself in the picture with a personal illustration.

* Any references to taxation are based on our understanding of current legislation and HM Revenue & Customs practice, which can change.

Want to free up cash to clear those niggling little debts?

Generally if you are over 60 and a homeowner you can release cash from your home to give you a helping hand.

You could:

• Get a loan based on your age and the value of your home – minimum loan amounts typically start at £10,000
• Take the money you release as a lump sum or as several smaller amounts, or a combination of both
• Spend the money however you like and it’s tax free*

If you’re looking for a lump sum to clear your debts and get your affairs in order then releasing equity in your bricks and mortar could be just what you need.

We are often amazed by the number of people who are ‘property rich, cash poor’. They can have £1,000s tied up in their house but they often also have trouble finding the cash to service their debts or clear their credit cards.

If you’re soon to retire probably the last thing you want to be is in debt. Talk to us about Equity Release and we can show you various ways to free up your cash as a lump sum or a drawdown income.

Any sum you release is tax free* so it’s all your money and it’s entirely up to you what you do with it.

To be eligible all you need is:

• Typically to be over 60
• A property in good condition worth typically at least £70,000. The equity released can be used to repay an outstanding mortgage, or to make repairs or alterations to the property

 It’s your money and it’s tax free

• Basically you are mortgaging your house but don’t make any monthly payments
• You still own your home and can live there until you die or have to move into long-term care
• The maximum amount you can borrow depends upon how old you are, the value of your property and the individual lender you borrow from
• Under current legislation you won’t pay tax* on any money you borrow
• Interest is added to the loan every month with the total amount (loan plus interest) usually repaid from the sale of the property when you no longer need it
• If you prefer, you can pay into the mortgage to keep track of the interest or pay off the mortgage in time
• If the value of your property goes up over time you may be able to release more equity if you need it

HOWEVER

• Because you don’t make any payments on the loan or loan interest, the longer you live the more the loan amount grows and the less you may have to leave as a legacy – in some cases there may be nothing left BUT your estate can be protected.
• Releasing cash from your home may reduce your entitlement to state benefits

To find out if you are eligible, talk to us today and put yourself in the picture with a personal illustration.

* Any references to taxation are based on our understanding of current legislation and HM Revenue & Customs practice, which can change.