Equity Release FAQsEquity release is a big decision. So be sure you get all of your questions answered before entering into a scheme, by using our Frequently Asked Questions.
Equity Release Jargon BusterIf you’re considering equity release, it’s important that you understand the key terms and features of this type of financial product.
Lifetime MortgagesCompare lifetime mortgage providers with our equity release selection. Alternatively speak to an adviser to explore your retirement income options.
Home Reversion SchemesCompare a selection of home reversion equity release schemes. Make sure you also discuss your options with a financial adviser too.
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Equity release may involve a lifetime mortgage or home reversion plan. To understand the features and risks, ask for a personalised illustration.
Equity release plans allow you to release the cash that’s tied up in your home, without having to move.
To be eligible you have to:
There are two types of equity release plans: lifetime mortgage and home reversion.
While you might be tempted to unlock cash in your home to enjoy a better retirement, it’s important to consider the risks and alternatives to equity release.
A Financial Intermediary will look carefully at how equity release will impact any inheritance you intend to leave, as well as your entitlement to certain state benefits.
Equity release may not be right for everyone. It may affect your entitlement to state benefits and will reduce the value of your estate.
Equity release is a way of accessing extra money for retirement, while staying in your home. One alternative to consider is moving to a smaller property or a property in another area – but of course, moving from your family home, or to an unfamiliar area, might not be something you’d be happy to do.
Why use Just Retirement Solutions Limited?
Releasing equity in your home is something that should not be entered into lightly.
It’s important that you seek specialist financial advice, as well as talking to close relatives and friends (particularly those who you wish to leave an inheritance to).
We’ve partnered with Just Retirement Solutions, because they provide the kind of service we demand for our customers.
Just Retirement Solutions compare equity release plans from a carefully selected panel of four providers (Aviva Equity Release, Bridgewater, Just Retirement and Stonehaven), all of which have to be regulated by the Financial Services Authority, the UK’s financial regulator, as well as being members of the Equity Release Council. The Equity Release Council is an industry trade body that helps to ensure products are safe and accessible for consumers.
Just Retirement review their provider panel quarterly to ensure customer needs are covered by the products and providers they compare. If you have a specific requirement that is not covered by their panel of providers, their advisers will search the whole market to see if the need can be covered by another provider.
The equity release advice service provided by Just Retirement Solutions aims to help you make the right choices for your circumstances – which may not turn out to be an equity release plan.
Just Retirement Solutions actively encourage you to have close family or friends present for the consultations and they carry out a free state benefits check so that you have a full picture of how equity release will affect your finances.
Advice is free, you will only be charged an admin fee of £749 if you take out an equity release plan recommended by Just Retirement Solutions.
Call Just Retirement Solutions on 01737 233462 Equity Release Calculator What Just Retirement's Customers Say Retirement Guides Equity Release Jargon Buster Equity Release Frequently Asked Questions