Equity Release allows you to extract value from your home for a variety of reasons.
Vass Koni – VK Financial, Director
Things to be aware of:
Equity release will involve a home reversion plan or lifetime mortgage which is secured against your property and will reduce the value of your estate and impact funding long-term care. To understand the features and risks ask for a personalised illustration.
Equity release requires paying off any existing mortgage. Any money released, plus accrued interest is to be repaid upon death, or moving into long-term care.
Equity release will affect potential inheritance and your entitlement to means-tested benefits both now and in the future.
Age is a factor when taking a traditional mortgage, but it isn’t a barrier when considering Lifetime Mortgages.
If you would rather take gradual amounts instead of a lump sum then a drawdown facility or cash reserve facility can be factored into your Lifetime Mortgage.
Home Reversion Plans are not for everyone but they remain an option in some instances.
These products can be an alternative to traditional Equity Release products for those who eligible and who may also not comfortable with interest roll-up.
Speak to us about any of the services that we offer.
Thomas Anthony Financial Services Limited, registered in England no. 05065805. The company is registered at 573 Chester Road, Sutton Coldfield, W Midlands B73 5HU.
VK Financial is a trading style of Thomas Anthony Financial Services Limited which is authorised and regulated by the Financial Conduct Authority. We are entered on the Financial Services Register under no.993172 at https://register.fca.org.uk
The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain, and are not satisfied with our response to your complaint you may be able to refer it to the Financial Ombudsman Service which can be contacted here https://www.financial-ombudsman.org.uk/contact-us
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