DID YOU KNOW?
Find out more about equity release with Richard Jeffcock
My name is Richard Jeffcock. I am a fully independent equity release expert. I specialise in the Cotswolds and surrounding areas.
Equity Release interest rates are pretty much at an all time low. This means if you release equity from your home, the amount of interest added each year is often less than the amount of property growth in the same year*. This means the equity remaining in your property starts increasing again.
Most lenders allow you to make optional repayments to cover the interest each year and/or repay some of the capital sum This allows you to gradually reduce the balance. It’s worth noting that family members can contribute to repayments, this sometimes happens when they have benefited from the equity release!
HOW MUCH CAN I RELEASE
Up to about 70% of the value of your home depending on your circumstances.
WHAT CAN I USE THE TAX FREE LUMP SUM FOR?
Anything, For example:
Gifts to Family; Investments; Paying off debts; holidays; Inheritance Tax Planning.
CONTACT ME FOR FREE
I offer a free, no obligation discussion. Please call me on 07809 462165 or 01793 272082.
Jan, the following is the small print to go at the bottom of the editorial
*House price inflation cannot be guaranteed
If you take out an Equity Release product, my fee is £995. This can be deducted from the equity lump sum and is only payable if your case completes.
HTIA Ltd t/as the Equity Release Partnership. 175 Queensfield, Swindon, SN2 7SU. Authorised by the Financial Conduct Authority (number 776953).