HARPER INSURANCE SERVICES
Health and protection insurance
Equity Release
Equity
Release
Equity release allows you to access the value held up in your home and turn it into money you can spend as you wish. How much equity you can release depends on your age, how much your property is worth and how much you choose to borrow. People over 55 often have little or no outstanding mortgage and lots of value tied up in their home. Many others have an interest only mortgage and no way of repaying it. Equity release could help in either of these situations.
• Release cash from your home without moving out;
• Receive your cash as a lump sum, as an income or both;
• Use the money to spend as you wish;
• No need to make monthly repayments (but some providers give you the option);
• Plans are regulated by the Financial Conduct Authority (FCA);
• We only advise on plans from providers who are members of the Equity Release Council.
Equity release is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration. You should check that a lifetime mortgage will meet your needs if you want to move or sell your home or want your family to inherit it. If you are in any doubt, seek independent advice
(This service is provided via referral to our colleagues at The Right Mortgage Network Ltd)
