Equity Release

Equity release allows you to take a percentage of the value in your property as cash. Equity release these days is a tried and trusted way of releasing inflation induced assets without ever risking negative equity. If you love your home and have no desire to sell but would like to enjoy some of the capital that you have accumulated then this method could be for you.

For example, if you own a house of £750,000 you might easily release £250,000. You continue to own and live in your home - nothing changes except the asset value reduces and is swapped for cash. The £250,000 (or some of it) can be used to buy a Spanish property and for a double win you can build in the Inheritance Tax Advantages. Again, talk to your own Independent Financial Advisor if you have one or call us on 020 8645 6655 or contact Alistair Mann at Independent Investment Planning on 01932 863 400 office@iiplanning.com

If you still want to find out more information on the internet try Norwich Union’s site or try this one for more information www.cavendishequityrelease.co.uk

Equity Release schemes have a minimum age qualification of 55 years.
The most common method that people under the age of 55 use to Release Equity from their property is via their existing mortgage lender. By increasing their mortgage they take cash payment from the mortgage provider and use that to fund a second property. It is probably well worth your while getting a quote from your existing mortgage provider (who will well versed with this type of request) and comparing that with one from a Spanish lender – you can get a free quote from Rose Financial Services (see our Mortgages page) or you can use their repayment calculator.