Equity Release
What is a home reversion plan or a lifetime mortgage?
If I go for an equity release scheme, what should I look out for?
Equity release plans allow you to release tax-free cash from your home to boost your finances in retirement. The two main types of plan available are lifetime mortgages and home reversion plans. People can normally apply for equity release from about the age of 55 upwards. The people who are likely to benefit are those who have cash tied up in their homes and don't wish to move.
This is a fast growing market where many people are confused and are not sure if it is right for them. That’s where we can help. We can search the whole equity release market on your behalf and guide you through the various types of schemes available to find a plan that best suits your needs.
Thompson Jenner Financial Services financial advisers are fully Chartered Insurance Institute (CII) qualified to deliver specialist Equity Release advice. The full CII qualification puts the firm within a very select group of advisers within Devon & Cornwall and is also the only qualification recognised by Safe Home Income Plans an organisation dedicated entirely to the protection of plan holders and promotion of safe home income and equity release plans.
There are currently a large number of equity release plans available in the marketplace to choose from. Getting the right advice and making the right decision can save your estate thousands of pounds.
If you are thinking about taking out an equity release plan please contact us for a free consultation