Page 7 - Full Guide Preview

People do lots of different things with the money they get through Equity Release; from home improvements to holidays or helping out friends and family. Because the money you release is tax free, and with a lifetime mortgage you continue to own your own home, the possibilities are almost limitless.
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.
Lifetime Mortgage
x
x x
x
x
x x
Drawdown Lifetime Mortgage
x
x x
x x x
x x
Buy-to-let Lifetime Mortgage
x
x x
x
x
x x
Reserve pot you can x access in the future
Protect some of your property value for future beneficiaries
No interest build up No negative equity
No inherited debt for your family
x x
Interest Only Income Home
Lifetime Mortgage
Lifetime
Mortgage plan
x x
x x
x x
x x x
reversion
All the money released is tax free
No monthly repayments
You own still your own home
You can move home and keep your plan
x x x x
x