Equity Release Remortgage
Reaching retirement age and want to release some equity in your home?
Retirement is a time when some extra cash can go a long way.
Often the equity in your home can release the funds you require to really enjoy your retirement.
How does an Equity Release Remortgage work?
You take out a loan, on which the interest is rolled up, no payments of either interest or capital are made by you, these are paid off in full from the proceeds when the property is sold. The timing of the sale is decided by you and may even be after you and your spouse have passed away. Or you could choose to sell a proportion of your home in return for the money you require. You can also transfer the debt to another property if wish to move house in the future, provided sufficient equity is maintained of course.
Equity release mortgages can provide you with a regular income, or a cash lump sum.
Here at Best Price Remortgage we understand your position and can find a equity release solution to suit you.
Please Note: This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration.
We are not authorised by the FSA to advise in respect of Home Reversion Schemes