Kompare will assist you to calculate the maximum potential amount you could obtain based on the information provided
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Equity release schemes allow you to access your property’s value for more cash in retirement. You can release the wealth tied up in your property without having to sell it and move to another home. You can either borrow against the value of your home or sell or part sell in exchange for a lump sum or regular monthly income.
It’s designed to help those who are older and in need of funds to help their current situation without having to dip into their savings or pension fund. If you’d like to start today, our quick, easy price comparison service could help you in no time at all.
You must have spare guaranteed pension income or final salary pension which you can afford to give up
If you pass away before it’s fully repaid, the loan is written off
Borrow between £15,000 to £1 000 000
Perfect for homeowners aged over 55, with or without a mortgage
You prefer minimal or no repayments
You don’t mind reducing the value of your estate
If you own your own home and are aged 55+ (no upper age limit)
Fully advised service
Bespoke independent advice from expert advisers who will work alongside you to discover your goals and help you meet them
From your initial consultation meeting, the completion and receipt and funds can take up to 8 weeks.
The final decision is yours alone and can be changed before completion
There are plenty of reasons to borrow. Let’s look at the 4 main reasons why people choose to borrow.
If you’re aged 55+ , you might find yourself having to help both your children and your parents which is a large responsibility. You need as much financial help as possible. By borrowing you could:
Modify your parents’ home or modify your home if they live with you
Add an extension to your home to cope with your parents living with you
Raise money for essential home nursing care and support
You might like to help your children without spending a huge chunk of your savings or putting your hands into your pension fund. To help them you might want to borrow for the following reasons:
Help raise a deposit for their first home
Pay for their wedding
Give your grandchild the fees to pay for their education
Any extensions that they want to add to their home
Now you’re at the age where you’re spending more time at home, you want to make it as comfortable as possible and add value for when it’s time to finally sell. You could choose to:
Add an open-plan extension to your kitchen or living room
Renovate your bathroom
Give your garden a complete makeover
Add a conservatory or any type of extension to your home
It’s maybe time to start wanting to achieve significant lifestyle changes, or fulfil some plans earlier in your retirement. By borrowing it will allow you:
Purchase that classic car you’ve always dreamed about
Make plans to travel the world
Indulge in your lifelong hobbies
Tick off any last bucket list experiences
If you’re unsure about what to do, you can give one our specialist agents a call on 0800 812 1000 and they’ll be able to assist you with any questions that you may have. Alternatively, you can request for us to call you at a convenient time.