Equity Release
Expertise
At Caesar & Howie we have a specialist Legal team dealing exclusively with Equity Release. We are a member of the Equity Release Council and adhere to the rules and standards laid down by that organisation.
Do I qualify
If you are a homeowner aged 55 or over, you could benefit from releasing a lump sum of tax-free money from the value of your home with the help of an equity release scheme.
How does it work
Home owners in later life have probably seen the value of their property increase. They may want to boost their retirement income by releasing some of that equity without moving house. Lifetime mortgages and home reversion schemes are two ways to do it.
The first type is just a mortgage but without the monthly payments. Please note the sums outstanding will have to be re-paid on death or sale of the property. The second type is a scheme where part of the house is sold to the Equity Release provider, but allows the owner lifetime occupation of the house. In each type of scheme the effect is to release money to the house owner for use during that person's life, with repayment being effected only after death.
If considering Equity Release please seek independent financial and legal advice so that you may understand the risks and benefits. Equity Release can have a potential impact on inheritance and future benefit entitlement.
Enjoy the benefits of a tax-free lump sum now