Moneytree Wealth Management
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Equity release advice

Looking for equity release advice or later life mortgage advice?

Equity release is where you free up some of the equity in your home. You can take the amount released as a lump-sum or in instalments. You can only take out an equity release on your main property.

Equity Release will reduce the value of your estate and can affect your eligibility for means tested benefits.

Lifetime mortgages

These are secured on your property, but you stay as the owner. You can either make regular repayments on the mortgage or let the interest build-up and repay the amount when you die or go in to long-term care and sell the property.

If you’ve got family, you can withhold some of the value back, and pass it on as an inheritance.

Home reversions

Here, you sell all or part of your property, but stay living in it free of charge.  You’ll receive a lump-sum or regular payments from the part you sell. 

When your home is eventually sold (usually upon you entering long term care or death), the reversion company gets their share of the proceeds of the sale.

If you sold the entire property to them, they’ll get all the proceeds.

If you sold part of your home, say a half, the reversion company gets that share of the proceeds, leaving the rest to go towards your inheritance.

If you’ve got family, you can withhold some of the value back, and pass it on as an inheritance.

Things to think about

  • You need to be at least 55 to take out these products.
  • We can recommend on policies which offer a no negative equity guarantee
  • They can be complicated schemes with possible implications later in life, so you really need to understand what you’re buying.

Equity Release / Lifetime Mortgages / Home Reversion Plan will reduce the value of your estate and can affect your eligibility for means tested benefits.

To talk to us about an equity release, use the pop-up form on the right-hand side of this page. Alternatively, you can give us a call on 01244 47010  or send us an email to: info@moneytreewm.co.uk  if you prefer.

Connor Lovatt

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