Equity release mortgages and lifetime mortgages
Equity Release
Retirement is meant to herald the beginning of the rest of your life but
increasingly people are finding that expectations are not matching the reality.
Quite simply retirement is expensive. Pensions are
underperforming, investments are not returning but
if you own your home there may be an answer.
Your balance sheet looks good on paper but you find yourself short at the end of
the month? You'd probably find yourself defined as 'Asset rich, Cash poor'. Due
to a property market which has prospered for the last 20 years your home is
worth more now than it ever has. Quite simply it's probably the best investment
you've ever made.
But selling up and moving away from a beloved family home is a painful and potentially traumatic experience. However you can enjoy the benefits of your investment, quickly and without moving! This is called equity release and here at Wrightways we offer a range of approved *products, from a range of providers as diverse as Norwich Union, Northern Rock, Just Retirement, Prudential and Mortgage Express.
There are two types of equity release; a Home Reversion Plan and a Lifetime Mortgage and all plans that we offer are approved by SHIP (Safe Homes Income Plans Association)
Who is this product for?
Lifetime mortgages are for anyone over the age of 55, who own their own
home and wish to release some capital from their life long
investment.
Please contact us to discuss your equity release options or call 020 8302 5533 today.
The following statement applies to this type of mortgage:
This is a lifetime mortgage. To understand the risks and
features, ask for a personalised illustration
*All plans that we offer have to be approved by the S.H.I.P., Safe Homes Income Plans Association