Equity release is a useful financial planning tool which affords some people a way of getting cash from the value of their home. The money which is released can be used for a range of purposes, some of which are detailed below:

• To provide an income to supplement your existing pension income
• To provide a lump sum to allow you to improve, convert or carry out repairs to your home
• To provide a lump sum to fund a one-off expense such as that new car, or that special holiday of a lifetime
• To provide a lump sum to help your children or grandchildren – perhaps to help them on to the property ladder, or to fund their education

Generally, Equity Release is only available to clients who are over 55 years old and the minimum qualifying age, and the percentage of your home which can be released, differs between providers We only deal with providers who are members of the Safe Home Income Plans (SHIP). Members of this association offer a no negative equity guarantee.

Equity release is not suitable for everyone, which is why it is important to take independent financial advice before taking this step. There may alternative means of raising the capital or income you require such as downsizing, local authority grants, using existing investments, claiming benefits. In some circumstances, Equity Release may affect your current or future entitlement to State benefits.

This is a lifetime mortgage. To understand the features and risks,
ask for a personalised illustration.

YOUR HOME WILL BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE