Financial Adviser Ickenham, Middlesex ~ Financial Planning Ickenham, Middlesex
Financial Advice Ickenham, Middlesex ~ Pensions Advice Ickenham, Middlesex ~ mortgage advisers Ickenham, Middlesex

left webpage shadowright webpage shadow
Company logo
Neville Birch
comment on image 1 comment on image 2

Types of Equity Release

Types of Equity Release Schemes

There is a range of equity release schemes available on the market offered by reputable equity release providers, and they fall into two main categories:

  1. Lifetime Mortgages
  2. Home Reversion Plans

Each type of equity release scheme facilitates a different method of releasing the equity in your home, and there are various other useful features available to create the ideal equity release scheme for you, including:

Protected Equity

Many equity release schemes come with a no-negative equity guarantee, and in some cases there are plans which also enable you to protect a fixed share of the value of your home. For example, if you protected a 30% share in your home, you have a guarantee that a minimum of 30% of your property value is protected for you in later life or as inheritance for your beneficiaries.

Impaired Life

Some providers will allow you to release more capital from the equity release scheme if you suffer from one of a list of health conditions.

Income

Many equity release schemes allow you to release the equity in the form of an income, by releasing the capital in staged payments over your lifetime.

Flexible Drawdown

There are some equity release schemes available with a pre-agreed 'cash reserve'. Like an overdraft, this is a facility which allows you to draw-down cash whenever you wish, so it's ideal for generating funds when required for home improvements, maybe a new car, a special holiday, etc. Interest is only added to the amount drawn, so they can work out much cheaper than other types of equity release schemes, depending on your needs.

Flexible Drawdown is a complicated area with both advantages and disadvantages. Please review the dedicated section on this subject within the Equity Release area.

EQUITY RELEASE PRODUCTS INVOLVE BORROWING AGAINST OR SELLING PART OF YOUR HOME. THERE MAY BE MORE SUITABLE METHODS OF RAISING THE FUNDS YOU NEED.

A LIFETIME MORTGAGE CAN QUICKLY ERODE THE REMAINING EQUITY AND AS A RESULT THERE MAY BE NO VALUE LEFT TO PASS ON.

EQUITY RELEASE MAY REQUIRE A LIFETIME MORTGAGE OR HOME REVERSION PLAN. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION.


Mortgage/Equity Release Enquiry
investment TV button link
product research button link
rss Financial times example feed

Company address:
Neville Birch & Co, Copthall Farm, Breakspear Road South,
Ickenham, Middlesex, UB10 8HB
T: 01895 637 121
F: 01895 625 121

Email: info@nevillebirch.com

Neville Birch & Co is Authorised and Regulated by the Financial Conduct Authority.

Neville Birch & Co is entered on the Financial Services Register (www.fsa.gov.uk/register/firmSearchForm.do) under reference 125455.

The FCA do not regulate National Savings products, loans, will writing and some forms of mortgage, offshore funds and inheritance tax planning.

The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

Telephone: 01895 637 121 | info@nevillebirch.com

Designed & developed by Web Pro IT © 2009

Life insurance quotes Ickenham, Middlesex ~ best mortgage rates Ickenham, Middlesex ~ Financial Advice Ickenham, Middlesex ~ pensions advice Ickenham, Middlesex
retirement planning Ickenham, Middlesex ~ tax saving advice Ickenham, Middlesex ~ investment advisers Ickenham, Middlesex