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What are Equity Release Schemes, Lifetime Mortgages and Home Reversion Plans?




What is the procedure for equity release?


What is the criteria to release equity in the UK?

What are the benefits of equity release mortgages and home reversion plans?


Equity release is an agreement between a homeowner (60+) and a provider that allows the homeowner to unlock the money tied up in their home.

This money is tax-free and helps the homeowner to enjoy the retirement that they have worked for.

If you take out equity release you are still able to carry on living in your home for as long as you like.

For many, their home is their greatest asset. Equity release schemes can turn this asset into extra cash at a time when income may be fixed and low.

How much cash you can release depends on:

How old you are

How much your home is worth

The type of plan you choose




Click Here to Learn More about equity release mortgages and home reversion plans

If you are interested in equity release and would like to find out more, follow these simple steps:


1. Complete the online eligibility calculator above, entering all your details. We will then tell you whether you are eligible for equity release with In Retirement Services.

 

2. If you are eligible, you can request your no-obligation copy of the In Retirement Services brochure on equity release. This will provide you with more information on how equity release works, the things you should consider and what to do next if you would like to discuss your options with an equity release specialist.

 

3. After reading the brochure, if you would like to discuss equity release with an In Retirement Services Financial Consultant, simply contact us using the details provided in the brochure.

In order to release equity on a home, the following criteria usually needs to be met:
  • To qualify you must be aged 60-90.
  • The home in question must be your permanent main residence and lived in by you for over six months of the year.
  • You must own the home from which you are releasing equity.
  • The home must be worth at least £70,000.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retirement can be a time of fixed income and many people have valuable homes but little spare cash. Equity release can provide tax-free cash to help alleviate this problem.

You can use the cash you release to spend as you wish.

 

You may want to use the money to take that holiday you've always dreamed of, perhaps visiting family that you haven't seen for years.

 

You might want to buy a new, more reliable car to help you get around. You could even use the extra funds to help support your family, children or grandchildren.

 

Many people simply use the money they release to make up the shortfall some people experience when they retire.

 

Equity Release Testimonials

 

"I searched for equity release uk then used your equity release calculator and decided to go ahead. It was a great decision."

- Paul Giles

 

"I wanted to speak to somebody about equity release schemes but didn't know where to begin so I left my details with you."

- Ms. Briggs

 

"Equity release schemes have the potential to be confusing. This site and your equity release calculator showed me how simple they can be." - Mrs. Jileson

 

"Thanks for helping me find out if I qualified for equity release." - Mr. Davis

 

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