Equity release mortgages, release equity on your house

Equity Release

Releasing money from your home could give you a more comfortable retirement.

You could:

• Top up your income

• Make some home improvements

• Pay off a mortgage or other debts

• Go on a holiday of a lifetime

• Help your children or grandchildren with their university fees or buy their first home

The choice is yours.

Owning your own house and making it your home, takes time and commitment. If your heart is set on staying in your home, for as long as you can and downsizing really isn’t for you, then equity release may be the answer you are looking for.

There are two ways to release money from your property

Lifetime mortgage: You take out a mortgage on your home. You still own your own home and you don’t make any monthly payments, as the mortgage becomes repayable when you, or your executors, sell your home. Moving house is still an option, if you transfer the plan to another suitable property; but be aware not all schemes offer this facility.

This is a Lifetime Mortgage. To understand the features and risks, ask for a personalised illustration.

Home Reversion Plan: You sell some, or all, of your home to a 3rd Party and retain the right to live in the property, rent free, for the rest of your life, or until the house is sold. Growth in the value of the property belongs to the new owner.

Scottsdale Consulting does not advise on or recommend Home Reversion Plans.

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Advice you can trust

Thousands of people every year chose equity release. It is a lifetime commitment so it is crucial to select the right scheme and that is why good advice is so important.

At Scottsdale Consulting, we do everything in our power to make sure you get the best equity release scheme for you. We have done considerable research and soul-searching, which means:

• We will only recommend you lifetime mortgages.

• We only recommend you Equity Release schemes offered by members of Safe Home Income Plans (SHIP), an organisation dedicated to the protection of equity release customers. This ensures providers adhere to a strict code of practice.

• Our fully qualified and experienced advisers will always go through your individual circumstances face to face and guide you through the options open to you.

• Our advisers will answer all the questions you have and review all the equity release schemes that meet your needs and then make a formal recommendation in writing.

• We insist that your solicitor goes through all the terms & conditions and implications of the equity release contract with you to make absolutely sure you understand the commitment you are making.

If you would like to us to help you release funds from your home, call us on 01908 226400.

Fees

A fee of £595 payable at the outset. We will be paid by commission from the lender. Or you could choose a fee only option where you will pay a fee of £1995 and we will pass on any commission paid by the lender to you. To understand the features and risks of a lifetime mortgage or home reversion plan ask for a personalised illustration.

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