What is equity release?
Are you retired and have no regular income? Are you having difficulties obtaining a loan or a mortgage because you are retired? Do you need long term care but cannot pay for it? Are you dreaming of a new car or perhaps a family holiday to Disneyland but do not have sufficient funds? Well, you might want to consider releasing some of the equity in your home to deal with these financial challenges. The process of releasing money tied up in your home is known as equity release and is normally only available to those who are over 55 years old.
Is equity release right for me?
Equity release is definitely a big decision and it may not be the right option for you. There might be other options available on the market which are better suited to your needs. It is therefore very important that you fully consider your options and seek advice and guidance from financial advisors who have the expertise, knowledge and experience to help you determine whether or not equity release is right for you. We at Bedgrove Equity Release specialize in offering equity release advice and guidance to people just like you who are wondering whether or not equity release is the right option.
To help you decide if equity release is the right option for you, we will need to understand your personal and financial circumstances. We will therefore need you to provide us with the following information:
Your current provisions for retirement
Your financial position
Your retirement priorities and objective
What our advisors do for you?
Our advisors do not only give you advice on the right equity release plan for you. They also:
|Verify your circumstances to determine if equity is the right option for you. If it is not, they will tell you.||Assess the impact that equity release will have on your tax position|
|Inform you of other methods or means other than equity release that you can maximize to generate additional income.||Help you to understand the effect of equity release on the inheritance you plan on leaving behind.|
If our advisors determines that equity release is the right option for you, they will:
Provide you with a financial plan
Recommend the best equity release schemes, especially those with no negative equity guarantee
Support you throughout the entire process
Did you Know?
Here are four quick facts that you may not know about equity release that we hope will help you decide whether or not equity release is for you.
It is safe based on the fact that it is regulated by the Financial Conduct Authority.
It is a trustworthy option in that you are guaranteed that you can remain in your home for the rest of your life.
It is flexible in that there are so many different options available.
No negative equity
It is orchestrated in such a manner that you can never owe more than the value of your house which means that when you die your children will not be left with any debts.
Are you interested in knowing what our clients have said about us? Read their testimonials below!
I lost my job a few years before I retired. Life in retirement was challenging without a fixed source of income because I did not invest in retirement planning but Bedgrove Equity Release showed me that all I needed was my house to have a comfortable retirement!
By By Paul K. Hoffman
My wife and I were having difficulties choosing the right equity release scheme. We did not know which one best suited our needs until we had a consultation with one of the advisors of Bedgrove Equity Release who gave us an excellent explanation of the differnt types of equity release schemes and their pros and cons.
By Leonard H. Sanders
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