We can guide you through the various issues surrounding equity release schemes, if you are considering releasing some of the equity in your home.
It is crucial to ensure the rights to your property are not compromised by the scheme you are considering and that the scheme is appropriate to your circumstances. Ideally you should also check that the scheme belongs to the Safe Home Income Plans (SHIP) Code of Practice.
You may also need to consider the impact on arrangements made in your Will and how the plan affects your inheritance tax situation. We can explain the benefits and potential problems of these arrangements and how they affect your estate.
MAIN REASONS WHY PEOPLE RELEASE THEIR EQUITY:
Boost their disposable income
Pay off an existing mortgage
Large purchases and holidays