What is Equity Release?
Equity release is a way of releasing an amount of money that is currently tied up in your home without moving or selling.
The aim of this mortgage is to provide you and/or your partner with a cash lump sum to spend on that luxury holiday you have always dreamed of, maybe to assist a loved one financially with a wedding, a new car or caravan, a planned home improvement such as extension or new garden space or simply just to enjoy day-to-day living. Altogether Equity can assist you with the planning of these cherished moments. If you are over 55 then this may be a route for you. The taking of a lump sum, plus the costs, will reduce the value you have in your home and therefore the amount of any inheritance you leave. Equity release isn't right for everyone, so it's important that you and your family understand the features. | Contact the Altogether Equity release team who will provide you with impartial advice and support that it tailored for you. We are members of the Equity Release Council and adhere to their standards and codes of conduct. If you wish to speak to an advisor in the strictest of confidence, then call our Baildon office on 01274 590944 or use the contact us form where someone will call you back.
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The aim of this mortgage is to provide you and/or your partner with a cash lump sum to spend on that luxury holiday you have always dreamed of, maybe to assist a loved one financially with a wedding, a new car or caravan, a planned home improvement such as extension or new garden space or simply just to enjoy day-to-day living.
Altogether can assist you with the planning of these cherished moments.
If you are over 55 then this may be a route for you.
The taking of a lump sum, plus the costs, will reduce the value you have in your home and therefore the amount of any inheritance you leave.
Equity release isn't right for everyone, so it's important that you and your family understand the features.
If you wish to speak to an advisor in the strictest of confidence, then call our Baildon office on 01274 590944 or use the contact us form where someone will call you back.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
There will be a fee for mortgage advice. Our fees and charges vary depending on the Services we provide to you. We typically charge a fee of £1295 payable upon completion.
A Lifetime Mortgage will reduce the value of your estate and may affect your entitlement to means-tested benefits and tax status. The impact of not servicing monthly interest payments on a Lifetime Mortgage is that the outstanding debt can grow rapidly, thus reducing the value of your estate. For example, if the interest rate was 7% a year, a £50,000 loan would double to £100,000 after 10 years assuming no repayments are made. This is an example for illustrative purposes only and personalised advice and recommendations should be sought from a qualified professional. You are strongly advised to register a lasting power of attorney. This will allow your affairs to be managed by somebody else if your mental abilities significantly decline.