01403 27 26 25

Mortgages Made Easy™

Equity Release


Equity Release

What is Equity Release?

It is a potential way for homeowners aged over 55 years to raise cash without moving home.

Equity release provides a valuable option for people in retirement who may be wishing to consolidate debt or to provide additional income. But it must always be considered alongside other financial options in the light of individual circumstances.

The main types of equity release:

Lifetime Mortgage - Unlike conventional mortgages, interest on lifetime mortgages is charged on a potentially increasing sum, so your debt can grow. This is because you may not make repayments, and therefore the interest on the loan can be added to your debt on a continual basis.

Home Reversion – where you sell all or part of your interest in the property for a cash sum but remain living in the property as a life tenant(s).

The above is a broad oversight of what is possible but if it is a concept you wish to explore you should ensure that you take appropriate professional advice.

AToM Equity Release can provide this: Our advisers have considerable experience and with particular reference to your situation will explain and guide you through the maze of information before making any recommendation to you.

In principal interest payments and capital are not required to be repaid until sale of the property.

The initial amount of cash available is calculated as a function of the applicant’s age relative to the value of the property e.g. a borrower aged 56 may be able to borrow a maximum of 22.5% of the property value where as an applicant aged 74 may be able to borrow up to 41.5%. These figures are a guide only and for joint borrowers will be different based again on ages.

Many Lenders who provide funding are part of the Equity Release Council (which incorporates the Safe Housing Income Plan – SHIP – standards) who provide a no negative equity release guarantee amongst other benefits and features. You should work with a recognised Lender in this field.

In general there is no one individual answer but equity release could provide the right solution for you at time when other income and capital options are under strain.

Interested? Then for independent and impartial information book an obligation free personal consultation by calling AToM Equity Release on 01403 272625.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

THIS IS A LIFETIME MORTGAGE/HOME REVERSION PLAN, TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION.


Head Office
AToM House, 24 Carfax
Horsham, West Sussex
RH12 1EB

Tel: 01403 272625

Fax: 01403 211200

Email:service@atomltd.co.uk

Disclaimer::
All Types of Mortgages Ltd (AToM) are an appointed representative of The On-Line Partnership Ltd which is authorised and regulated by the Financial Conduct Authority. © AToM (All Types of Mortgages Ltd) 2016.



FT Adviser 5 Star Award

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBTS SECURED ON IT


This website is aimed at UK Residents and non UK Residents