Equity Release

There are a number of major advantages to equity release, including the chance to remain in your own home without feeling the need to downsize. If equity release is right for you, it represents an opportunity to generate a significant amount of ready cash. Utilising the money currently held as equity on your property could bring you a sizable lump sum or, if you prefer, a regular monthly payment to top up your current salary or pension. Before agreeing to such an arrangement, you need to think about the pros and cons in relation to your particular situation, so it’s a good idea to discuss the matter with our specialists at the earliest opportunity.

Scott Fyffe Wealth Management can give you all the advice and guidance you need, providing you with clear, honest information about the plus and minus points of equity release. In recent years, we’ve seen a significant increase in the number of people taking out agreements, and in the process freeing up money that was held in the value of their homes. For some, this meant finally having the cash to carry out improvements to the property, others wanted money to help their grandchildren get through the university years and some just wanted to treat themselves to the holiday of a lifetime or a brand new car. Needless to say, how you spend the money is entirely up to you.

It should be borne in mind that for some people equity release isn’t necessarily a good idea, of course. It will affect what you’ll be able to leave behind as an inheritance, for example, it could mean you won’t be entitled to some state benefits at a later date and it will also mean you can’t take any other loans out against your property in the future. If you’re in any doubt about taking such a significant step, be sure to speak to our team about each possible scenario first.

There are two types of equity release options, a lifetime mortgage and a home reversion. Which of these is best for you will depend on your situation, but of course our team will take you through the possibilities and advise on the most appropriate product. There are times when you need robust, reliable advice, and that’s what you’ll get from Scott Fyffe Wealth Management. We pride ourselves on our ethical approach to financial products and services, and this is reflected in everything we do.

To find out more about equity release and the options you have open to you, all you have to do is get in touch with us. You can either call us on 01382 721 191 or head to our Contact page and use the online form. Your path to helping your family, improving your home or simply rewarding yourself with something special can begin right here.

*Equity release will reduce the value of your estate and can affect your eligibility for means tested benefits.