Personal And Family:
Equity Release

Is Equity Release for you?

Are you asset rich but cash poor?
Do you own the asset of a property but find it difficult paying your monthly bills or enjoying your retirement?
Are there house or car repairs, which require attention, but the money is not available to carry them out?

For those who reach retirement and find living on their pension a financial struggle, equity release could provide a way to benefit from the value known as equity, in their property.

For many, the thought of downsizing in later life would represent a step too far; by contrast, equity release allows you to stay in your own home and area with familiar surroundings, whilst at the same time accessing and enjoying the wealth you have 

There are several different types of equity release plans available to those aged over 55, and it’s vital to get bespoke professional advice before embarking on this course of action as these schemes can be expensive and inflexible. Releasing cash from your home reduces the value of your estate and the amount of inheritance you leave, so it’s important to discuss your plans with your family and dependants from the outset.

If you are aged 55 or over, it might be possible to utilise some of the value of your property in order to enjoy a more comfortable standard of living, implement those repairs or arrange that holiday of a lifetime.

Scarlett Financial Services are qualified and authorised to provide the appropriate advice to achieve this.

We can assist with advice on the risks and benefits to you of the following products:

Interest only mortgages
Lifetime mortgages
Shared appreciation mortgages
Home reversion plans

AN EQUITY RELEASE PRODUCT WILL REDUCE THE VALUE OF YOUR ESTATE, WILL NOT BE SUITABLE FOR EVERYONE AND MAY AFFECT YOUR ENTITLEMENT TO STATE BENEFITS. TO UNDERSTAND THE FEATURES AND RISKS PLEASE ASK FOR A PERSONALISED ILLUSTRATION

There will be a fee for mortgage advice. The amount will depend upon your circumstances. A typical fee would be £595.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Scarlett Financial Services Limited is an appointed representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading style of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority.

 

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