Trust in Equity Release December Newsletter

 

 

Equity Release – Your Questions answered

 

What is Equity Release?

 

It is simply a way of releasing funds from the value of your property without potentially having to pay for it until either you die, go into long term care or sell the property.

 

How can it help retired people?

 

Some people in retirement today are cash poor and yet own their own property outright. Equity Release could generate funds from their property to repay other loans or debts, carry out home improvements, help out children or grandchildren today or just to raise some funds to help enjoy retirement that bit more financially comfortable

 

How do you qualify for Equity Release?

 

You must be over 55 years old and a property owner. The property should have a minimum value of £75000.

 

Does your property qualify?

 

Some properties are not suitable for Equity Release. These include mobile homes, park homes, houseboats and agricultural properties. Whilst it is sometimes difficult to arrange we can arrange Equity Release on holiday homes and buy to let properties in this country.

 

How much can you borrow?

 

The amounts available differ greatly from provider to provider depending on the person’s age and the value of their property. We believe it is vital to get an Independent specialist to advise you how much and at the most suitable terms.

 

What types of plan are available?

 

There are two types of Equity release available. A Home Reversion Plan allows you to sell all or part of your home in return for a Tax Free lump sum. There are guarantees in place to allow people to live in their homes for the rest of their lives. The other option is the Lifetime Mortgage which allows you to borrow against the value of your property without potentially having to make repayments during your lifetime.

 

 

 

Is it possible to make repayments with Equity Release?

 

Yes some lender will allow interest to be repaid and one lender allows capital and interest to be repaid. They are also flexible in that the customer can determine how much interest want to pay if they do not want t pay it all

 

What other options are available?

 

Equity Release is not right for every body and it is important to seriously consider other options which could be:

  • Using conventional  borrowing and making repayments
  • Selling the property and downsizing
  • Encashing a current investment or existing asset
  • Applying to the local authority for a grant
  • Raising funds through family

 

Why is it so important to get specialist advice?

 

Age UK strongly recommends people see independent legal and financial advice. Some plans in the market place have their own advantages and disadvantages so it is really important to get the most appropriate plan to suit the customer needs.

 

Why Trust in Equity Release?

 

We aim to provide that specialist independent advice and as a well established business we will make sure the customer gets the right answers from a fully qualified Equity Release specialist. The customer is centric to everything we do and caring for the customer is our absolute priority.

 

Think carefully before securing other debts against your home. To understand the features and risks of an Equity Release Scheme. Ask for a personalised illustration

 

There may be a fee for the Equity Release Advice. The precise amount will depend on your circumstances but we estimate it will be £795.

 

Equity Release schemes can be helpful in certain circumstances, but are not suitable for every one. For example, they can be expensive and inflexible if your circumstances change and may affect your entitlement to state or local authority benefits.

 

 

For further information contact Steve Harrison on 01704 233210 or 07714 414545 or visit our website on www.trustinequityrelease.co.uk.

 

 

 

 

 

 

 

 

Equity Release – Your Questions answered

 

What is Equity Release?

 

It is simply a way of releasing funds from the value of your property without potentially having to pay for it until either you die, go into long term care or sell the property.

 

How can it help retired people?

 

Some people in retirement today are cash poor and yet own their own property outright. Equity Release could generate funds from their property to repay other loans or debts, carry out home improvements, help out children or grandchildren today or just to raise some funds to help enjoy retirement that bit more financially comfortable

 

How do you qualify for Equity Release?

 

You must be over 55 years old and a property owner. The property should have a minimum value of £75000.

 

Does your property qualify?

 

Some properties are not suitable for Equity Release. These include mobile homes, park homes, houseboats and agricultural properties. Whilst it is sometimes difficult to arrange we can arrange Equity Release on holiday homes and buy to let properties in this country.

 

How much can you borrow?

 

The amounts available differ greatly from provider to provider depending on the person’s age and the value of their property. We believe it is vital to get an Independent specialist to advise you how much and at the most suitable terms.

 

What types of plan are available?

 

There are two types of Equity release available. A Home Reversion Plan allows you to sell all or part of your home in return for a Tax Free lump sum. There are guarantees in place to allow people to live in their homes for the rest of their lives. The other option is the Lifetime Mortgage which allows you to borrow against the value of your property without potentially having to make repayments during your lifetime.

 

 

 

Is it possible to make repayments with Equity Release?

 

Yes some lender will allow interest to be repaid and one lender allows capital and interest to be repaid. They are also flexible in that the customer can determine how much interest want to pay if they do not want t pay it all

 

What other options are available?

 

Equity Release is not right for every body and it is important to seriously consider other options which could be:

  • Using conventional  borrowing and making repayments
  • Selling the property and downsizing
  • Encashing a current investment or existing asset
  • Applying to the local authority for a grant
  • Raising funds through family

 

Why is it so important to get specialist advice?

 

Age UK strongly recommends people see independent legal and financial advice. Some plans in the market place have their own advantages and disadvantages so it is really important to get the most appropriate plan to suit the customer needs.

 

Why Trust in Equity Release?

 

We aim to provide that specialist independent advice and as a well established business we will make sure the customer gets the right answers from a fully qualified Equity Release specialist. The customer is centric to everything we do and caring for the customer is our absolute priority.

 

Think carefully before securing other debts against your home. To understand the features and risks of an Equity Release Scheme. Ask for a personalised illustration

 

There may be a fee for the Equity Release Advice. The precise amount will depend on your circumstances but we estimate it will be £795.

 

Equity Release schemes can be helpful in certain circumstances, but are not suitable for every one. For example, they can be expensive and inflexible if your circumstances change and may affect your entitlement to state or local authority benefits.

 

 

For further information contact Steve Harrison on 01704 233210 or 07714 414545 or visit our website on www.trustinequityrelease.co.uk.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Release – Your Questions answered

 

What is Equity Release?

 

It is simply a way of releasing funds from the value of your property without potentially having to pay for it until either you die, go into long term care or sell the property.

 

How can it help retired people?

 

Some people in retirement today are cash poor and yet own their own property outright. Equity Release could generate funds from their property to repay other loans or debts, carry out home improvements, help out children or grandchildren today or just to raise some funds to help enjoy retirement that bit more financially comfortable

 

How do you qualify for Equity Release?

 

You must be over 55 years old and a property owner. The property should have a minimum value of £75000.

 

Does your property qualify?

 

Some properties are not suitable for Equity Release. These include mobile homes, park homes, houseboats and agricultural properties. Whilst it is sometimes difficult to arrange we can arrange Equity Release on holiday homes and buy to let properties in this country.

 

How much can you borrow?

 

The amounts available differ greatly from provider to provider depending on the person’s age and the value of their property. We believe it is vital to get an Independent specialist to advise you how much and at the most suitable terms.

 

What types of plan are available?

 

There are two types of Equity release available. A Home Reversion Plan allows you to sell all or part of your home in return for a Tax Free lump sum. There are guarantees in place to allow people to live in their homes for the rest of their lives. The other option is the Lifetime Mortgage which allows you to borrow against the value of your property without potentially having to make repayments during your lifetime.

 

 

 

Is it possible to make repayments with Equity Release?

 

Yes some lender will allow interest to be repaid and one lender allows capital and interest to be repaid. They are also flexible in that the customer can determine how much interest want to pay if they do not want t pay it all

 

What other options are available?

 

Equity Release is not right for every body and it is important to seriously consider other options which could be:

  • Using conventional  borrowing and making repayments
  • Selling the property and downsizing
  • Encashing a current investment or existing asset
  • Applying to the local authority for a grant
  • Raising funds through family

 

Why is it so important to get specialist advice?

 

Age UK strongly recommends people see independent legal and financial advice. Some plans in the market place have their own advantages and disadvantages so it is really important to get the most appropriate plan to suit the customer needs.

 

Why Trust in Equity Release?

 

We aim to provide that specialist independent advice and as a well established business we will make sure the customer gets the right answers from a fully qualified Equity Release specialist. The customer is centric to everything we do and caring for the customer is our absolute priority.

 

Think carefully before securing other debts against your home. To understand the features and risks of an Equity Release Scheme. Ask for a personalised illustration

 

There may be a fee for the Equity Release Advice. The precise amount will depend on your circumstances but we estimate it will be £795.

 

Equity Release schemes can be helpful in certain circumstances, but are not suitable for every one. For example, they can be expensive and inflexible if your circumstances change and may affect your entitlement to state or local authority benefits.

 

 

For further information contact Steve Harrison on 01704 233210 or 07714 414545 or visit our website on www.trustinequityrelease.co.uk.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trust in Equity Release November Newsletter

The information contained in this newsletter is for Professional Connections only and should not be distributed to the general public.

 

 

Dear Colleague

 

Equity Release sales hit five year quarterly high

 

Equity Release plans agreed in the third quarter of this year reached a total value of £284.1m making it the largest single quarter in sales terms since the equivalent period in 2008, according to figures from the Equity Release Council. The total represents a 14% rise from the same quarter last year and 15% increase from the previous quarter in 2013. The average amount released in the quarter was £57107 and the most telling statistic is that 97% of plans were sold through Independent Financial Advisers. Why is this important????

 

  • There are a restricted number of lenders in the market place who are vying for business and offering special terms

 

  • These lenders are beginning to introduce new features to their plans such as capital and interest payments, better and clearer Early Repayment charges, and more flexible drawdown options

 

  • It therefore is absolutely vital to know the market place so that the customer ends up with the right product.

 

  • Most importantly, a qualified adviser must also advise his client when Equity Release is not the answer and potentially point them in a different direction.

 

This is where I can help you and your clients. If you have older clients who have need of some capital or wish to give their children some funds now then pick up the phone as I would be very happy to discuss different options with you. I have full access to the Equity Release market place and specialize only in Equity Release complementing rather than threatening what you already do. I also have a website with useful information in which is www.trustinequityrelease.co.uk. My contact numbers are detailed below.

 

Kind Regards

 

Steve Harrison CeMAP, CeRER

Equity Release Consultant

 

 

Trust in Equity Release

23 Emmanuel Road

Southport

PR9 9RP

 

Tel: 01704 233210

Mob: 07714 414545

 

www.trustinequityrelease.co.uk

Email: steve@trustinequityrelease.co.uk

 

Equity Advice Limited Liabilty Partnership trading as Trust in Equity Release is Authorised and Regulated by the Financial Conduct Authority.

 

Equity Advice Limited Liability Partnership, Registered Office: 95 Northgate Street, Gloucester, Gloucestershire, GL1 2AA.

 

The information contained in this newsletter is for professional connections only and should not be distributed to the general public. If you have received this message in error or there are any problems please notify the originator immediately. The unauthorised use, disclosure,copying or alteration of this message is strictly forbidden. Internet communications are not secure and therefore Trust in Equity Release does not accept legal responsiblity for the contents of this message.