1 minute read
Should you Equity Release?
l Are you struggling with the cost of living?
l Do you want to improve your lifestyle?
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l Do you want to carry out home improvements?
l Do you want to help family get on the property ladder?
l Do you need to repay your existing mortgage?
Over 55, struggling for cash, and own your own home? The easy solution, according to the adverts at least, is to do an equity release, but it's not as straight forward as it seems.
Equity release is a way of spending your home's value whilst still living there. It's done via a loan usually repaid from your home's value once you die.
We at Broom Consultants Ltd can help you review all of your options.
If you decide releasing equity is right for you, a member or our Equity Release team will explain how it works and will answer all your questions.
You should think carefully before securing other debts against your home. Your home or property may be repossessed if you fail to comply with the terms and conditions of an equity release plan.