Protection - W8 Financial Services

Equity release is a way of releasing the wealth tied up in your property, without having to sell it and move to another home. You could choose to either borrow against the value of your home or sell all or part of it in exchange for a lump sum or regular monthly income. It may also be possible to take further monies from your property at a later date, if required.

Equity release is designed to help customers over the age of 55 who either own their property outright, or have small mortgages left to pay.

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The Process

Before beginning to advise you and make any potential recommendations, your equity release qualified financial adviser will work with you to understand your specific circumstances and goals.

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Your adviser will consider the following when determining the appropriate solution for you:

The options of downsizing to release the money you need, or whether you want to release money from your property while staying in your current home
Whether you wish to service the interest each month (like a mortgage for over 55's) or receive the money required now, but not service it so the interest rolls up (Equity Release)
The proposed interest rate, fees and charges
Whether fixed early repayment charges are important to you
The importance of estate planning and the selection of a solution which offers an equity guarantee, or a means of paying the ongoing interest
If you require the flexibility to take more cash in the future
Solutions with a high loan to value, if you want to take the money now and again in the future
Drawdown solutions that allow you to take an initial lump sum but with a facility to take more later.

Equity release will reduce the value of your estate and can affect your eligibility for means tested benefits.

Estate planning is not regulated by the Financial Conduct Authority

Equity Release

The Process