Looking to increase your income in retirement?
Equity release could be a way of accessing extra money for retirement, while staying in your own home.
For example, you might want to:
Improve or repair your home
Go on holiday or buy a new car
Clear any existing borrowing such as loans and credit cards*
Re-mortgage – if you have a mortgage but do not want to continue making monthly payments.
* Think carefully before securing other debts against your home
Equity release could be an option if you don’t want to downsize or move to an unfamiliar area. However, releasing equity in your home is something you need to consider carefully.
Are you eligible?
To be eligible for equity release:
- You must be over 55** (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
And while you might wish to unlock cash in your home to enjoy a better retirement, it’s important to consider all the risks and alternatives to equity release. Just Retirement Solutions advisers will carefully review how equity release will impact any inheritance you intend to leave, as well as your entitlement to certain state benefits so you can see the whole financial picture – if applicable.
Making the right choices
Quite simply, the aim of the Moneyfacts Equity Release Advice Service is to help you make the right choices for your circumstances. And if it isn’t right for you, Just Retirement Solutions adviser will tell you the reasons why.
It’s important you seek specialist financial advice, as well as talking to close family and friends (particularly those who you wish to leave an inheritance to).
Just Retirement Solutions advisers can help you find the right product from a carefully selected range of providers, all of who are members of the Equity Release Council, an industry trade body that helps ensure all products are safe and accessible for consumers. So why not get in touch today and find out more about equity release?
Simply call 01737 233462 & quote MFER04 today to find out more about equity release or to book a no obligation consultation with one of our advisers.Lines are open 9am to 5pm, Monday to Friday (except Bank Holidays). Calls are charged at local rates and may be recorded or monitored.
If you decide to take out a plan, you will be charged a fee by Just Retirement Solutions of £749 for advice and arranging a recommend equity release plan. You will only be charged if you decide to take out a plan. Our advice service carries no obligation. Equity release may not right be for everyone. If may affect your entitlement to state benefits and will reduce the value of your estate.
Equity release may involve a lifetime mortgage or a home reversion plan. To understand the features and risks, ask for a personalised illustration.
Equity Release FAQs
Equity Release Jargon Buster
Home Reversion Schemes
© Just Retirement Solutions Limited. Registered office: Vale House, Roebuck Close, Bancroft Road, Reigate, Surrey RH2 7RU. Registered in England Number 5125701. Just Retirement Solutions Limited is authorised and regulated by the Financial Conduct Authority.