According to a recent study, 2020 saw nearly 73,000 new Equity Release AKA Lifetime Mortgage plans taken out which released a total of £3.89 billion for people to enjoy how they please. 1
A further safety net is the mandatory inclusion of the No Negative Equity Guarantee. This legally covers you from never owing more than the value of your property.
Lifetime Mortgages used to have a bad name, and rightly so. When it was still unregulated in 2003, the Consumer’s Association was insistent that there would be “mis-selling without question” 2
In 2004 Equity Release became fully regulated product and remains so to this day, offering you peace of mind when it comes to taking out a plan.
All of this is available in either a lump sum or multiple smaller payments and without the need of monthly repayments.
You will always remain the owner of your home, as contrary to popular belief you never actually sell any of your home, you simply secure a loan against either part or all of its value.
This gives you the right to remain living in your property for life or up to the point you choose/need to move into long term care.
Of course, every penny of money released is yours to do with as you please but these are just some of the ways people are enjoying their tax-free lump sum.
So now you know the ins and outs of Equity Release, you might be wondering how you can take advantage of this and release potentially £100,000’s today. There are numerous avenues you can go down looking to get an Equity Release plan. There are banks and lenders a-plenty online.
This can often be a time-consuming process however and with all of the different figures coming your way it can be quite overwhelming.
Luckily there is a free service from Equity Release 4 u which takes the time and hassle out of getting a no-obligation Equity Release quote.
Equity Release 4 u pride themselves on sourcing only the best rates from the UK’s most trusted lenders so you know that you’re in a safe pair of hands from the word go.
To make use of Equity Release 4 u’s free service and see exactly how much tax free cash you can unlock today, simply follow this link, answer a few simple questions and they will put you in touch with one of their trusted partners.
Step 1: Select your country on the map below to get started
Step 2: Answer a few simple questions to get your FREE, no obligation quote.
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