Equity Release

How can your clients use Equity Release

• They can release a tax-free cash lump sum to spend in any way
• There are no monthly repayments to be made
• Their health and lifestyle can be taken into account, which could increase the funds available to them.
• They may have the option to guarantee an inheritance for their loved ones by taking advantage of the “Protected Equity Guarantee”
• They always own their own home
• Our ‘no negative equity’ guarantee means they will never end up owing more than the value of their home
• They can stay in their home for life, but can also move home and take their plan with them. (Subject to criteria)
• They may have the option of a Cash Facility that can be drawn upon 6 months after the Initial Lump Sum Loan*

A plan will reduce the overall value of their estate and it could affect their entitlement to some state benefits. You should check to see if their benefits are affected.

*Subject to prevailing criteria at the time of application for further funds.

Reasons for releasing cash from their home. Some popular uses include:

• Funding current or future medical or care needs
• Making improvements to the home or garden, sometimes to make them easier to manage
• Taking holidays, often visiting friends or family abroad
• Clearing an outstanding mortgage to remove monthly payments
• Providing financial assistance to friends or family, to see them enjoy their inheritance now
• Easing the effect of monthly bills and living costs
• Paying for a special celebration, such as a wedding anniversary or important birthday
• Making life that little bit easier!