Your “Equity” is the difference between the value of your home and any mortgage you might owe. Equity release can give you access to some of this money. Releasing money from your home can give you the freedom to make your own choices about how to live your life and you won’t have to move out of the home you love.
You don’t have to make any monthly repayments if you don’t want to, and the amount you release, plus interest, is repaid when your home is sold when you move into long-term care or pass away.
If you own your own home and the youngest homeowner is aged 55+ you are likely to qualify, even if you have a standard mortgage or loan secured against your house. However, you will have to pay this off with the money you receive from your Equity release plan.
It’s important to us that you make the right decision about choosing to release equity from your home. That’s why we provide initial advice for free and without any obligation to go ahead.
Finding out if Equity Release is right for you is easy, we have partnered with Westmore Insure Ltd who offer a free no-obligation consultation. To find out more just complete the form at the top of the page for a call back.
Age Connects Morgannwg is acting as an introducer to companies who offer financial advice. Companies we introduce to are authorised and regulated by the Financial Conduct Authority and are listed on our privacy policy. Age Connects Morgannwg are not authorised to give any advice and we are not liable for any financial advice provided by/or obtained through a third party.
Equity release may involve a home reversion plan or a lifetime mortgage which is secured against your property. To understand the features and risks, ask for your personalised illustration. Equity release requires paying off any outstanding mortgage. Equity release, plus accrued interest is to be repaid upon death, or moving into long-term care. Home reversion plans are available for over 65’s only and are not available through Westmore Insure.
Age Connects Morgannwg
Cynon Linc
Seymour Street
Aberdare
Rhondda Cynon Taff
T : 01443 490650
E : information@acmorgannwg.org.uk
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