Product Benefits
Benefits of our products
Our products come with a number of benefits which make them desirable if you are looking to release equity from your home and resolve any financial stresses you may have. The benefits are:
- You get to stay in your own home for the rest of your life*, or until you need to move permanently into care.
- Long term financial solution, for example, you could use the funds generated to fully repay any outstanding debt.
- You won’t have to go through the process of moving home.
- The equity released on your main property is tax free.
- If applicable, the monthly rent will be below comparable market rent in your area.
- Ability to move home at a later date and transfer the plan to a new onward property.
- Equity-release schemes can help to reduce your Inheritance Tax liability.
- The plan can offer more money than a lifetime mortgage.
- An ‘Early Vacancy Guarantee’ which will guarantee a lump sum back if you vacate within the first 5 years.
- If you have sold 100% equity of your home you will have no selling costs.
- By selling less than 100% you can retain a percentage of the home to give away as inheritance to your heirs.
- You can release a part of the home and release further portions in future, allowing you to maximize on property gains.
- Hassle free when time to sell as we take control of sale when the plan ends.
- May have a positive financial impact on some benefits, your adviser can provide further details.
* your tenancy is at risk if you do not make rent payments due.