Page 6 - Quick Equity Release Guide 2020
P. 6
What types of Equity Release are available?
When we consider that there are over 300 products on the market for later life lending it can feel a little daunting knowing which is right for you. At Retirement Solutions we only offer plans, products and policies that have a ‘No Negative Equity Guarantee’. This means you can never owe more than the value of your home and you will never pass debt onto your family.
Check out our table below.
Benefits include
Lifetime Mortgage
Interest Only Lifetime Mortgage
Drawdown Lifetime Mortgage
Income Lifetime Mortgage
Buy-to-let Lifetime Mortgage
Home reversion plan
All the money released is tax free
x
x
x
x
x
x
No monthly repayments
x
x
x
x
You own still your own home
x
x
x
x
x
You can move home and keep your plan
x
x
x
x
x
Reserve pot you can access in the future
x
x
Protect some of your property value for future beneficiaries
x
x
x
x
x
No interest build up
x
No negative equity
x
x
x
x
x
No inherited debt for your family
x
x
x
x
x
x
