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 a holiday of a lifetime or buy a new car
Clear any existing borrowing such as loans and credit cards*
Re-mortgage – if you have a mortgage but want to shop or reduce your 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 as equity release may not right be for everyone. It may affect your entitlement to state benefits and will reduce the value of your estate.
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
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, your 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 whom are members of the Equity Release Council, an industry 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.
Just Retirement Solutions has helped retirees release an average of £44,673^ from their homes. Their advice is always quality checked and they only recommend plans that come with a no negative equity guarantee. With equity release you can stay in the home you love, and it is possible to leave behind a legacy for your loved ones.
Remember, you’re under no obligation to buy and you’ll only be charged an advice and arrangement fee of £749 if you purchase a product that Just Retirement Solutions Limited recommends. Their expert team can answer your questions, guide you through the process and help you make the right decision for your circumstances.
Taking out an equity release plan is an important decision, so you should involve your friends and family. The value of your estate will be reduced and it can affect your entitlement to state benefits. For this reason everyone receives a full state benefits review. In fact, 2 in every 5 people that Just Retirement Solutions speaks to are eligible to claim benefits, and new claims can be worth up to £2,746 a year*.
^Average completed case size of unique JRS customers, between 2004 – 31 January 2016.
*Just Retirement Solutions research July 2014 – June 2015.
Call 01737 233462, quoting MFER04 and speak to a trained specialist today.
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Just Retirement Solutions Limited. Registered office: Vale House, Roebuck Close, Bancroft Road, Reigate, Surrey RH2 7RU. Registered in England Number 05125701. Just Retirement Solutions Limited is authorised and regulated by the Financial Conduct Authority.