Equity Release

These pages provide generic information about various aspects of financial services and provide some ideas and indicators about possible areas of need. We hope they are helpful but they do not, on their own, add up to proper investment advice and we cannot take responsibility for anything you do in reliance on them without further discussion with us. Do not make a decision based upon the information contained within these pages alone. They are not detailed or comprehensive enough to enable you to make a correctly informed decision.

What are safe home income plans & equity release plans?

There are a number of schemes, which enable you to tap into the value of your home without having to sell it and move out. Over the past thirty-five years, thousands of retired homeowners have found that these plans provide a safe and successful method of releasing regular income or a cash lump sum, to improve the quality of their life in retirement.

The alternative may not be very attractive. Too many elderly homeowners find themselves in the unenviable position of having to watch every penny they spend from day to day, while most of their money remains locked up in their single biggest asset - their home. Home income plans and equity release plans can resolve the problem safely.

But there are other schemes on the market which make the same promises - and bitter experience has shown that they are neither safe nor successful. To confuse matters, some of these schemes have sometimes been described as home income plans or equity release plans too.

Think carefully about this information before deciding whether you want to go ahead.

If you are at all unsure about which lifetime mortgage or home reversion scheme is right for you, you should ask your adviser to make a recommendation.