EQUITY RELEASE

WHAT IS EQUITY RELEASE?

Providing that you and (if applicable) your partner are over the age of 55 and you are a homeowner then Equity Release allows you
to release money tied up in your property. There are a wide variety of plans on the market which allow you to take a tax-free
lump sum or a regular income, or a combination of both. There are no repayments to make during your lifetime. Your financial
advisor is qualified to recommend an Equity Release Plan which will meet your needs. It is our job to ensure that you understand
exactly what you are doing, your legal obligations and what the immediate and longer term consequences might be, so that you
can make your decision to proceed with confidence.

If you do not have a financial advisor but are interested in Equity Release then we may be able to introduce you to one. Please
contact us for more information.

POPULAR REASONS FOR RELEASING EQUITY

• Home repair and improvement
• Buying a second home
• Repaying an existing mortgage or debts
• Gifts to family and friends
• Daily living expenses
• Car purchase
• Home care
• Holidays

THERE ARE TWO MAJOR TYPES OF EQUITY RELEASE PLANS

1. Lifetime Mortgage: – with this plan the money you release is not repaid until you leave the property or die and there are no
repayments to make during your lifetime. Interest rolls up during the lifetime of the mortgage and will be included in the
repayment sum.

2. Home Reversion: – with this plan you sell all or part of the interest in your home in return for money and a lease which allows
you to stay in your property for life rent free.

Your financial advisor will recommend the best scheme for you.

WHY IS EQUITY RELEASE BECOMING POPULAR?

Equity Release is not new, but it is now regulated by the Financial Conduct Authority. You also have the assurance that your financial
advisor will be fully authorised and qualified to give expert advice.

Releasing capital from your home is now accepted as a popular method of planning for retirement and boosting your finances. The
benefits and variety of Equity Release have improved significantly over the years, with more and more retired homeowners taking
advantage of the equity built up in their home.