EQUITY RELEASE

FINANCIAL FREEDOM AND PEACE OF MIND

Are you worried about whether your pension will be sufficient to keep you afloat during your retirement? Or are you coming to the end of an interest-only mortgage term and concerned about how you will pay it off? Equity release may be a solution that could alleviate your money worries and mean you don’t have to sell up and downsize.

If you’re worried about running out of money, you’re not alone. A 2020 Scottish Widows survey found that 54 per cent of Brits are worried their pension pot may not be sufficient to tide them over in the future.

Equity release rates are currently highly competitive. A conversation costs nothing and could save you money.

What is equity release?

It’s a scheme that enables you to access some of the equity in the value of your home. You could borrow up to 55 per cent of the value of your home. You must be a homeowner and over the age of 55.

What are the benefits?

Equity release schemes have improved in recent years. Interest rates are more competitive, and schemes are more flexible. If you don’t want the interest to roll up, some schemes will allow you to pay off the interest each year.

Why consider equity release?

You could use it to pay off an existing interest-only mortgage, but there are many other reasons why it may be worth considering. You can use equity release to split assets in a divorce, pay for a second home, adapt a home to cater for changing needs or go on the holiday of a lifetime. Or you might also want to gift a house deposit to your children. All of our products meet the Equity Release Council Standards and the no negative equity guarantee so you will never owe more than the value of your home.

Rates are at their lowest

Interest rates on equity release schemes are currently extremely competitive. If you already have an equity release plan that you took out over five years ago, you may be able to switch and save a considerable sum (even with an early repayment charge it could still be worthwhile financially).

Call us for your free consultation

To arrange a free no-obligation consultation, please call Kirsty Lambert on 020 8652 5240 or email kirsty@mbassociates.net

Chairs around a table with a parasol
EQUITY RELEASE MAY REQUIRE A LIFETIME MORTGAGE OR HOME REVERSION PLAN.
TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION.

MAB Later Life is a trading name of MB Later Life Planning Limited, who are an appointed representative of Key Retirement Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority, Registered in England No. 12945052. Registered Office: 130 Old Street, London, England, EC1V 9BD.