Notes:Providers may have multiple entries.
Where different fees apply according to location, the fee for England and Wales is shown.
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Equity release plans are a way for you to access the cash locked up in your home, to help improve your retirement.
There are two types of equity release plan:
Lifetime mortgages are the most common type of equity release plan, and work by lending you a percentage of your home’s value. The loan is secured against your home but you don’t make any repayments like you would with a standard mortgage loan. Instead, the interest that is charged rolls up, gradually increasing the amount you owe throughout your lifetime. The mortgage is repaid when you die, or when you move into permanent long-term care and therefore sell your home.
All members of the Equity Release Council guarantee that you’ll never owe more than what your home is worth.
Call the Moneyfacts Equity Release Advice Service provided by retirement specialist Just Retirement Solutions Limited on 01737 233462. Lines are open 9am to 5pm, Monday to Friday (except bank holidays). Calls charges apply and may be recorded or monitored.
Just Retirement Solutions has helped retirees release an average of £41,988* from their homes. Their advice is always quality checked and they only recommend plans that come with a no negative equity guarantee. Their expert team can answer your questions, guide you through the process and help you make the right decision for your circumstances.
As releasing equity release can affect your entitlement to state benefits, 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**.
There’s 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 recommends.
* Average completed case size of unique JRS customers, between 2004 – 31 January 2016.
**Just Retirement Solutions research July 2014 – June 2015.
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