Think of it this way: one of the most valuable assets you have is the equity you’ve built in your home by making regular payments for many years. You may be able to tell others that you are worth a certain amount based on the value of the home you live in. But, that value is just sitting there, trapped by inaction.
You can release it and put it to good use in any way you choose. But you’d be wise to work with one of the experienced providers of regulated flexible equity release, also known as a lifetime mortgage. When you go through this process correctly with the help of a knowledgeable partner, you can have access to your wealth on demand. You won’t have to sell your property, move from your home, or give up any part of the ownership.
One step that you should take is to become familiar with the FSA equity release guide, a step you can have help with when you work with a well-known and reliable provider. First of all, put out of your mind the thought that you’ll have to sell your home or move to have access to the value you’ve built. This may have been true with some equity release programs of the past. But it’s not true now.
The trustworthy professionals working in this special area today never arrange an equity release plan that requires you to sell your home or give up any part of the ownership. That’s why you should always work with someone who only offers plans that are true lifetime mortgages. You continue to own your property throughout the process.
You can get started by visiting a website that provides all the details on this great way to access what may be your best financial asset. Browsing and gathering information about this important step in your life will be time well spent. Once you’ve learned what you need to know to discuss the process with someone, your next step should be to call and talk to a knowledgeable representative about equity release plans.
Perhaps one of the best benefits of working with an industry leader is the knowledge and experience that you have access to without cost. The top firms never charge you unless you complete a plan. At each step along the way, you have no obligation to continue unless that’s what you decide is best for you. If you’re 55 years of age or older and have built equity in your home through the years, this may be the right path for you. Once the plan is in place, you can gain access to the money you need without having to sell the property.
Lenders who work in the equity release field like to invest in reliable long-term UK property. This means that you can have money to spend in any way you like and, best of all, the funds are tax free. You can choose to get the money in a lump sum, establish an account to draw on as you need funds, or set up a combination of the two. Start your journey now with an equity release plan.