The value of your home may well be your biggest financial asset. Releasing some of this money is known as equity release, and if you’re wondering whether it’s an appropriate route to follow or what your best options are, as experts we would be pleased to advise you.
Equity release has evolved from when it first originated as a product. It’s moved on from the days when it carried negative perceptions and high costs, and now many people are finding that discussing and exploring equity release is a very worthwhile conversation to have.
Equity release can give you tax-free cash to meet many different needs – be it to help with home renovations, to gift money to loved ones while you are alive, or to help you enjoy your later years of life to the full. It can also be used as a tool to help towards avoiding inheritance tax.
Yet alongside benefits like these, there are other factors to consider. Equity release is a loan that is secured against the value of your property, and like any loan it has its costs and drawbacks. So it’s a big financial decision that needs careful thought. Why not talk it over with specialists like ourselves, and see if it could help you build the future you want for yourself and your loved ones?
At Milton we can help you understand every aspect of equity release in order for you to make an informed decision. We take the financial planning process seriously, with consideration for those involved, and if at any time we feel equity release is not right for you we will advise accordingly.
If you’d like to discuss whether equity release could work for you and find out how much money you could release, please get in touch with us.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP YOUR PAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Milton IFA Ltd is authorised and regulated by the Financial Conduct Authority. Registration number: 491145.
Registered office: 2 Arlington Square, Downshire Way, Bracknell, Berkshire, RG12 1WA.
Registered in England and Wales No. 5228260.
This mortgage site is only directed at persons within the UK.
The FCA does not regulate some investment mortgage contracts.