equity release

Are you aged 55-95?

Are you a Homeowner?

Would you like some extra cash to help you enjoy your retirement?

Solution Mortgages can help you make the most of your retirement by safely releasing equity from your home with equity release.

Many people have seen the value of their home increase substantially over the last decade. The difference between the value of a property and any loans secured against it is known as 'equity'.

Equity release can be defined as the transfer of an interest in your property to a third party in exchange for a cash sum or a monthly income. You receive the cash but continue to live in the property.

The Equity release lender will recover the money it has lent you either by selling your property after your death or if you sell your property - for example to move into a care home.

To be eligible for most equity release schemes you should be aged 55-95, have a property that is worth at least £30-40,000, and ideally be a freeholder.

There are two ways in which equity can be released from the property:-

• Lifetime mortgages
• Home reversion plans

If you are interested in an equity release product, please feel free to contact us today on 0845 123 1260.