Equity Release Advice in Croydon
Equity release is where you can release money from your property without needing to move or sell your home. You can access the fund as a lump sum or set up an equity release drawdown facility depending on what type of plan you choose. There are no monthly repayments, the interest accumulates but is only payable when the property is sold.
Equity Release is a way for homeowners aged 55 and over to release money from their house to provide you with a tax free lump sum or a regular income and you won't need to make any monthly repayments. So whether you need money to help with the bills, paying off debts, helping your family, holidays or home improvements Equity Release could be the solution.
Due to the complex nature of Equity Release schemes and the number of products available, the first step is to find an adviser who can advise you if Equity Release schemes are appropriate for your circumstances and then advise you on the Equity Release scheme that is most suitable. The second part of the Equity Release process requires the services of a solicitor to ensure all the legal aspects of the Equity Release transaction are carried out correctly and that you fully understand your actions.
Probitas Equity Release provide financial advice on equity release products. Probitas Equity Releases have been working closely with their clients to provide quality unbiased advice.
Whilst any financial advice on Equity Release schemes will be provided by Probitas Equity Release, the legal advice on the Equity Release process can be provided by a third party who is independent of the financial advice.
if you live in Croydon area and you need equity release advice, please call us today on 0207 118 1207.
Equity Release will reduce the value of your estate and can affect your eligibility for means tested benefits.