You may be on lock down right now, but your equity is not!

24th March 2020

If you are on lock down at home, why not consider releasing some of the equity in your property and access funds to pay your bills, fund long standing debts or even use to by online home improvements? And all from the comfort of your own home..

Now, more than ever before, many of us are worried about how we are going to financially survive the months or maybe years ahead.

The ongoing spread of the new coronavirus has become one of the biggest threats to the global economy and financial markets.

People fear losing their jobs, businesses collapsing and face drastic cuts in their available finances.

Amidst this turmoil we all still have bills to pay, debts to address, mortgages to fund. Yet when most of us are confined to our homes, how can we generate the income we need to survive?

Well, the good news you have been waiting to hear is here: if you are a home owner aged 55 +, you could release some of the equity in your house in the form of a Lifetime Mortgage and access a tax-free lump sum giving you the finance you need for now and the years ahead.

How does it work?

The most common for of equity release is a Lifetime mortgage, which is a loan taken out against the value of your property at a fixed rate of interest for the lifetime of the loan. The good news is that rates are at the lowest they have ever been, and can be as low as less than 3% interest. You can choose to access the money as a tax-free lump sum or opt for regular instalments of the cash similar to receiving a monthly salary. This could be a life saver in these turbulent times when salaries have been cut and outgoings remain high.

How can I pay back the loan if money is already tight?

You don’t have to! Yes, that’s right. You have to option of allowing the interest to roll up and the value of the loan is taken from the sale of your property when you either die or go into long term care. This gives you the peace of mind of having access to funds when you need them without having to worry about paying them back, particularly during this period of financial insecurity. Of course, if you prefer to make regular instalments to pay back the loan, that is also an option – the choice is yours. But either way, the funds are available if you want to release the cash from your property.

Access the funds from the comfort of your home.

We are very aware of the risk of interacting with people during this crisis and for that reason, our whole service has been converted to telephone and postal transactions with no face to face appointments needed. From initial consultation, to the release of the funds, you can stay in the comfort and safety of your own home and just wait for the money to arrive in your account.

If you think that Equity Release could save you from financial crisis during this period of unprecedented instability, please phone Kevin Woods on 01489 454545, or via email on kevin.woods@equityrelease.co.uk for a free consultation without commitment or obligation of any kind. This could be the most secure thing you will do for yourselves in the months ahead.

Why not get in touch and see how we can help?

Equity release is the answer to so many financial questions. If you would like to know more about it, and see if it could be the right move for you, please book an appointment or request a call-back

Working in partnership with

JUST
LV
ONEFAMILY
HODGE
Pure Retirement