How Does Equity Release Work?
Equity Release plans allow those over 55 to access the money tied up in a property without selling your house in Slough or moving out. This means you can improve your quality of life while continuing to live in the place you call home. The money will be paid as a tax-free lump sum or in instalments and can be used to pay off debts, make home improvements, or take a once in a lifetime trip.
You won’t have to make any repayments while you are living in your property as, unlike a traditional mortgage or loan, no money will be owed during this time. Instead, the funds will be repaid to the lender when the property is sold, either when the owner passes away or moves into care. This means that you won’t see an increase in your monthly outgoings, so you day to day finances won’t be affected. Find out more by exploring Equity Release explained.
How To Spend Your Equity
You have the freedom to spend the equity you release from your property however you wish. Many people use the money for practical costs like clearing debts or completing renovations at home. Others are starting a new business venture or making investments. Some simply want the peace of mind of having a little more cash in the bank. Whatever a better quality of life means for you, Equity Release is a way to achieve it. For inspiration, take a look at our customer stories.
Premier Equity Release will help you find a plan that works for you by understanding your needs and personal finances. That starts with providing honest, impartial advice to help you feel comfortable and confident with how Equity Release works.
The Premier Equity Release Approach
We put you and your finances at the heart of everything we do. As a member of the Equity Release Council, you can trust that we have the expertise required to help you make the right choice for your future. Plus, because we are an independent broker, you’ll always receive impartial advice that’s tailored to you. See how we work to find out more.
When you call us, you’ll be chatting with one of our experienced advisers, who will take the time to get to know you before outlining how we can help. This no obligation chat is completely confidential, so ask as many questions as you like. We’ll always put your interests first, which includes recommending if we don’t believe Equity Release is the right option for you.
Enquire About Releasing Equity
Pop a few details into the Equity Release calculator for a fast estimate of how much money you could release from your property in Slough. Then call us on 0808 1691979 to take the next steps.