Expert Equity Release Advice from Acumen
Around 270,000 households have benefitted from equity release schemes over the last 20 years. More and more people now consider equity release as part of their financial plan for retirement. Deciding on which plan is suitable for you can be complex and there are some associated risks to consider. Therefore, it is a good idea to seek financial advice before making your decision.
Here at Acumen, our team can provide trustworthy equity release advice backed by years of experience and insight. We’ll help you to understand the options available to you and how equity release schemes may benefit your financial planning for retirement.
Whether you are looking for lifetime mortgage advice, or to understand how home reversion plans work, our financial advisers can guide you towards choosing the best option for you. Equity release schemes can give you access to a sum of money from your property in order to boost your retirement income.
Types of equity release schemes
Lifetime mortgages are a type of equity release scheme that do not require you to make repayments over the lifetime of the loan. However, you can choose to make repayments. Another option is allowing the interest to gradually increase until repayment is taken at the end of your life, or if you move to long-term care. With this equity release option, you are able to maintain ownership of your home and benefit from any future house price growth. For further lifetime mortgage advice that is tailored to you, contact our team today.
Home Reversion Plans
Home reversion plans are another type of equity release scheme. They essentially allow a provider to buy a share of your property. When your home is sold, they then receive a share of the proceeds. You will always own your share of the property, which you can pass on to your family. However, you cannot reverse your decision and you will not benefit from any future house price growth, so it is essential to seek equity release advice before making this decision, to ensure it is the right one for you.
What are the benefits of equity release?
If you are aged 55 or over, and a large majority of your money is in assets such as your home, equity release can allow you to benefit from the value of your home whilst living in it. This could be suitable for you if your pension doesn’t give you a sufficient amount of funds to live comfortably in retirement.
Further benefits of equity release schemes can include:
- Being able to stay in your home
- Retaining your independence whilst making the most of your retirement
- Releasing a cash sum that could make a difference to your lifestyle following retirement
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Is equity release safe?
Equity release is a lifelong commitment and one that we would only recommend after exhausting all other options. If you are unsure if equity release is suitable for you, getting equity release advice from one of our qualified experts could help clear up any confusion. We generally recommend that you consider alternative options before equity release.
Alternative options to equity release schemes include:
- Ensuring that you are claiming all benefits and grant entitlements
- Moving to a smaller property to release funds
- Seeking assistance from your family
Protection from the Equity Release Council
The Equity Release Council is the industry body for the equity release sector, which works to ensure that products are safe and accessible for consumers. It represents providers, qualified financial advisers, lawyers, intermediaries and surveyors who work in the equity release sector.
Equity Release Advice You Can Trust
Equity release advice from Acumen can help to break down how equity release schemes work, the benefits of equity release and what options are available to you. Deciding on which plan is suitable for you can be complex, with several factors to consider. With our extensive equity release knowledge and expertise, we can guide you through the various options to help you find the right solution for you.
We find that it is often most helpful to evaluate your entire financial situation when considering solutions like equity release schemes, as factors such as pension planning and any current investments may help to inform your decision. Our team is available to discuss equity release options alongside any of your other financial plans or concerns. Together, we can devise a bespoke plan to help you achieve your financial goals through our tailored equity release advice.
To speak to our team about equity release schemes or any other financial plans, simply get in touch online to arrange an introductory meeting. Alternatively, call us today on 0151 520 4353, or email us at [email protected].
Take a look at our useful, downloadable PDF on equity release for more information.
Key Benefits of Equity Release
We ensure that our product innovation is combined with consumer protection to offer you the best equity release schemes. If you are looking to free up capital locked in your home, increase your income, maintain your standard of living, or pass on wealth to your children, talk to one of our dedicated team today about how to access equity release.
Often, if you’re over 55 years of age, your home is the biggest asset you own. Opting for an equity release scheme allows you to spend the value of your home whilst you continue to live in it. This can allow you to retain independence throughout your retirement by releasing a cash sum from your home.
Equity release is a lifelong commitment and one that is often only recommended after you’ve exhausted all other options. If you are unsure whether this is the right choice for you, speak to one of our qualified experts for equity release advice you can trust.
The Equity Release Council is an industry body which ensures that Equity Release products are safe and accessible for you. We adhere to their strict guidelines to ensure that you are protected when you take out an equity release scheme.