Customer Hotline

0845 120 1040

Advice on equity release may involve a lifetime mortgage or a Home Reversion Plan, if so to understand their features and risks ask for a personalised illustration

What is Equity Release ?

Quite simply Equity Release is a way of getting cash from the value of your home without having to move out of it. It allows you to release tax-free cash from your home to boost your finances in retirement. The two main types of equity release schemes are lifetime mortgages and home reversion plans

Why use Equity Release?

There are many reasons why people choose to use Equity Release. The big advantage is that there are no restrictions on what you can use the money for. Here are the most common uses clients may spend their money on:

To clear debts, such as credit cards, loans, mortgages and to reduce outgoings
For home improvements such as a new conservatory, central heating, double glazing or for repairs or garden improvements
To increase income to be able to retire or to improve income in retirement
To take a special holiday of a lifetime
To help children onto the property ladder or to help them to reduce their mortgages
To pay for private medical care or mobility items such as a scooter, or a stair lift
To reduce their liability to Inheritance Tax

Consequences of Equity Release

The value of the estate may be reduced to any potential beneficiaries and benefits may be affected

The two main methods of Equity Release are:

IMPORTANT NOTES

It is important to be aware of the different products available and the positive and negative points of each type of plan. As with any big decision, you need to explore all the options available to you first. DCM Financial Solutions recommends that you seek advice before deciding on what route is best for you.
As it is an important decision about your home and your future, DCM Financial Solutions also recommends that you consult your family if you are considering any Equity Release product.

Remember that equity release is not right for everyone. Do your
Homework, seek legal advice, and explore all the options available to you.
Make sure that a particular plan is suited to your own circumstances and needs before you proceed.

If you have any questions about Equity Release please contact us or call the Equity Release team on 0845 120 1040

Useful links

http://www.ship-ltd.org

http://www.moneymadeclear.fsa.gov.uk

Please be aware that by clicking onto the above links you are leaving the DCM Financial Solutions website. Please note that neither DCM Financial Solutions or Pink Home Loans are responsible for the accuracy of the information contained within the linked site(s) accessible from this page.