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Equity release, lifetime mortgages, home reversion or home
income plans are a way of releasing cash, whether to buy that
new car, to pay for a holiday or home improvements, or simply to
make daily life more comfortable. These schemes allow you to
borrow money against the value of your home, with the debt being
repaid from the sale proceeds after your death. While there are
a range of different schemes offering lump sums and/or regular
income, they all work on the same principle: they lend you a
part of your home’s value in return for a share of the proceeds
when you die.
Equity release plans can be complicated and are a major step for
many people. Your house is almost certainly the most expensive
asset you own; it is also your home. Brooks & Partners are here
to help you understand what is involved and to offer you the
personal advice and support you need to make an informed choice.
By understanding your hopes and concerns for the future,
together with your financial circumstances, we will help you
review your options.
Age Concern as well as the Financial Services Authority both
recommend getting independent financial advice before
proceeding.
Contact Simon Brooks
or Vickie Sturman
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