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Equity Release

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The Options and Interest Rates might be Surprising

My name is Richard Jeffcock and I’d like to explain why releasing equity from property is now a popular way for over 55’s to enhance their lifestyles. With interest rates are at an all time low it is worth discovering how equity release could serve you.

The Equity Release tax free cash lump sum can be used for any purpose, including:

Gifting to family members – This has two potential benefits: 1) It can potentially reduce future Inheritance Tax and 2) it can help out family members with such things as buying house. If funds are gifted for property purchases then often the children make a monthly repayment to the parents instead of to a mortgage lender.

Investments – Some people invest the amount released to make a greater return. Investments can take the form of property, classic cars, wealth investments etc. Obviously no investment can be guaranteed so it is wise to seek expert advice in the investment field you are considering.

Paying off mortgages – This is when people no longer want the obligation of having to pay a monthly amount because under equity release, repayments are not required. However, many clients chose to make optional repayments when it suits them, to reduce the balance.

The Equity Release market is booming and is highly regulated

Equity release products are now incredibly competitive and there are many major providers in the Equity Release market including Aviva & Legal & General. This variety has created a healthy level of competition. To illustrate this, in 2014 there were 40 equity release products, whereas in 2019 there were 201.

Here is an example of a current equity release product offered by LV (Liverpool Victoria). It is for a couple both aged 68 owning a property worth £400,000 and releasing £100,000.

The £100,000 can be released using a Fixed Rate of Interest for the lifetime of the product of 2.50% per annum with the option of repaying up to £10,000 each year without penalty.

This product offers excellent value and flexibility. Of course, the amounts and interest rates applicable will be subject to your circumstances.

More about myself and the Equity Release Partnership.

I am a fully qualified, fully regulated independent local Equity Release expert with over 20 years experience. I have access to the whole of the Equity Release market. My focus is on ensuring you, your family and friends, receive the correct advice and guidance about equity release.

Please contact me for an informal discussion

I offer a free, friendly discussion about equity release. If you then decide you want to take things further, the process can be completed in person, over the phone or by video link. My fee of £995 is only payable if equity is released and this can be taken from the equity release proceeds.

Please call Richard on 07809 462165 or 01793 272082 or

Email: Richard.equityrelease@gmail.com

Website: www.equityreleasepartnership.org



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