Want to release money locked in your property?
Equity release enables a property owner to release funds from their property and then to use the money for various purposes such as renovation works or giving the lump sum to family or friends. The amount released from the property will depend on factors such as the value of the property, amount of home owner’s equity in the property and age of the borrower. Some of the advantages of this product are that the borrower will not have to make any repayments to the lender (as the amount released takes these factors into account), the amount paid to the borrower is tax free and the estate will not be liable for any debt associated with the property. The property is usually sold upon the owner’s death and the proceeds are used to repay the lender. As a consequence, this product is typically used as part of retirement planning.
Maplestone Financial Services can help you with your retirement planning and we also have access to lenders who offer competitively priced products to facilitate equity release. With our transparent pricing, honest advice and access to the whole market, you can be confident that we will source the deal that is right for you. Contact us to today to arrange a meeting to see how we can help you.
Equity release is a life time mortgage. To fully understand its features and risks, please contact us for advice or a personalised illustration
