What would you use equity release for?
With equity release you can stay living in
the home you love and at the same time access the extra cash you need for your retirement. You can spend this on almost anything you
We've found popular uses for equity release
Improve or repair your home
Go on a holiday of a lifetime or
buy a new car
Give family financial help or
Re-mortgage - if you have an
existing mortgage but do not want to continue making monthly payments*
Clear any current borrowing such as
loans and credit cards*
* Consolidating an existing
mortgage or current debt using equity release could end up costing more in the long term.
equity release could be an option if you don't want to downsize or move to an unfamiliar area.
Are you eligible?
To be eligible for equity release:
- You must be aged 55 and over** (youngest applicant if a couple)
- Own your own home of standard construction in the UK
- Your property value must be £70,000** or above
** Minimum age and property value varies
between product providers
Helping you make the right choice
The Moneyfacts Equity Release Advice Service is provided by MCB Financial Services. Their expert advisers will let you know whether equity release is right for you and if not, will aim to help you find another way to get the money you need.
They’ll take the time to understand your needs and concerns, and will answer all of your questions. You can relax knowing that the product you’re recommended is provided by a member of the Equity Release Council, an industry body that helps ensure all products are safe and accessible for consumers.
As part of the service, your adviser will explain how equity release may affect your entitlement to means-tested benefits.
There's no obligation or pressure to buy and
you're encouraged to invite family or close friends to your appointment - which can be held over the phone, or face-to-face in the
comfort of your own home. If leaving inheritance is important to you, tell your adviser as it's possible to do both.
So why not get in touch today and find out more about equity
Simply complete the short form here, and MCB will call you back.