Equity Release
Unlock Your Home’s Value for a Secure Future
In a lifetime mortgage, homeowners retain full ownership of their property and can continue living in it while receiving funds either as a lump sum, regular income, or a combination of both.
Why Choose Equity Release?
Equity release offers a flexible and efficient way to access the wealth tied up in your home, providing financial freedom without the need to sell or move. It’s an excellent option for homeowners, particularly those aged 55 and over, looking to boost their retirement funds or cover unexpected expenses.
Access to Funds Without Selling Your Home
Equity release allows you to unlock the value of your property while continuing to live in it, ensuring you don't have to downsize or leave your familiar surroundings.
Flexible, Tax-Free Funds
With equity release, you can choose to receive the funds as a lump sum, regular payments, or a combination of both, depending on your financial needs. The best part is that the funds are tax-free, providing you with a financial boost without any added tax burden.
No Monthly Repayments (for Lifetime Mortgages)
With a lifetime mortgage, you don’t have to make monthly repayments. The loan is repaid when you move into long-term care or pass away, offering you peace of mind during your retirement.
Maintain Property Ownership
A knowledgeable mortgage specialist can help you take advantage of available schemes like first-home buyer grants, stamp duty concessions, and other incentives—reducing your upfront costs and making homeownership more achievable.
Equity Release
Features of Equity Release:
Equity release allows homeowners to access the value of their property without needing to sell it. This solution is especially beneficial for retirees or those looking to enhance their financial flexibility in later years.
With equity release, you can access tax-free funds, helping to supplement your income or cover major expenses. Whether you need a lump sum or ongoing monthly payments, equity release offers flexibility tailored to your needs. At Gold Finance, we ensure a smooth, transparent process, providing expert guidance every step of the way. Unlock the full potential of your home to secure your future with equity release.
Retirement Financial Security: ;Equity release can provide a reliable source of income for your retirement, allowing you to maintain your lifestyle without worrying about running out of funds.
No Impact on Current Savings: By choosing equity release, you can unlock the value in your home without affecting your existing savings or investments.
Homeownership Flexibility: You can continue living in your home for as long as you wish, giving you the flexibility to stay in a familiar and comfortable environment.
Frequently Asked Questions (FAQ)
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1. How much can I release from my home?
The amount you can release depends on factors like your age, the value of your home, and the type of equity release product you choose. Typically, homeowners aged 55 or older can release a larger percentage of their home’s value as they age.
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2. Do I still own my home?
es, with a lifetime mortgage, you retain ownership of your home and can continue living there for as long as you like. The loan is repaid when you pass away or move into long-term care.
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3. Are there any monthly repayments?
With a lifetime mortgage, there are no monthly repayments. The loan is repaid, along with interest, when the homeowner passes away or moves into care.
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4. How is the equity release loan repaid?
In a lifetime mortgage, the loan is repaid when you pass away or move into long-term care. The loan amount, plus any accumulated interest, is typically paid from the sale of the property.
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5. What happens if I move out of my home?
If you decide to move out of your home permanently, the loan will be repaid by selling the property. This usually happens when you move into long-term care or pass away.
What is Involved in the Equity Release Process?
Eligibility
Typically available to homeowners aged 55 or older. The exact age requirement may vary depending on the lender and product.
Property Valuation
A professional valuation of your property will be carried out to determine its market value, which in turn dictates how much equity you can release.
Choosing the Right Product
You’ll need to decide which type of equity release best suits your needs—lifetime mortgage or home reversion—and how you would like to receive the funds
Approval and Paperwork
Once you have chosen the product that fits your needs, we will assist you in completing all necessary paperwork.
10 years of working experience
Why Choose Us?
- Expert Knowledge:
Our team specializes in helping homebuyers secure tailored loan solutions.
- Full-Service Support:
From initial consultation to settlement, we are with you every step.
- Personalized Strategies:
We craft solutions that align with your financial goals.
- Smart Savings:
Our streamlined processes and expert insights help you save time and money.
Get in touch with us