Plan 4 Retirement

Planning your future, today

Equity Release

What is Equity Release?

Equity release allows anybody over the age of 55 to extract money (the Equity) out of their home to help them enjoy their retirement. This will be a loan secured on their home which can be paid back when their house is sold.

Reasons To Release Equity

There are many reasons to release equity from your home. Below are some examples of what you can do with Equity release

Home Improvements

A new Conservatory or Garden

Family Gifting

Early inheritance for loved ones to finance College or University

Holidays

Take that once in a life time Family Trip

New Car

Treat yourself to a new car or caravan for your seasonal breaks

How Does Equity Release Work?

Equity release usually comes in two forms; a lifetime mortgage and home reversion plan. Depending on your current circumstances; as long as you own your own home, and you are over 55, you can release anywhere between 10,000 to 50,000*.

If you bought your home back in 1985, the average UK house price would have been £30,463**. Taking into account of Inflation, that same house is now worth £225,000.

Over this time, you paid off your mortgage. As your home is now mortgage free, you will have £225,000 of equity in your home.

Testimonials

 5/5

"At first I was unsure whether Equity release was right for us I was not in a position to discuss equity release with a partner or family member so I was not going into this decision lightly. All questions were answered without hesitation and in a clear, understandable, straightforward manner."

Mary Richards

"We found the process of equity release very straightforward and was informed at every step of the way. The advisor we spoke with was polite, patient and helpful. Would recommend to others."

Mr & Mrs Southdown

"The Equity Release specialist guided me through the process of releasing funds from my property with Aviva. They were always patient, easily contactable, always ready to explain and never pushy, allowing me to decide whether I wanted to continue with the process without any feeling of pressure."

Brian Addison

* Depending on your age. Both partners must be over 55

**Source: https://landregistry.data.gov.uk

Plan4Retirement does not provide any financial advice and will only pass on enquires to a third party Equity Release Expert.

Equity release is a regulated product. Arranging a home reversion plan or making arrangements with a view to a home reversion plan is governed by article 63B(3) of the Regulated Activities Order