Equity Release

You’ve worked your whole life to provide a home for your family. And because the price of property has soared in the last 30 years, there is a lot of wealth that, until recently, was out of reach to you unless you sold up and downsized. But why should you move out of a home you’ve poured love and money into buying and maintaining for decades if you don’t want to? What if you want where you live now to be your forever home? With equity release schemes, all of which are fully registered with and licensed by the Financial Conduct Authority, you can stay. In fact, did you know that 249,145 homeowners have released wealth from their properties since 1992 (1)? You spent years paying your mortgage off and now it’s time for your home to start repaying you. Contact the Lend 4 team to ask them to find the very best deal available now which suits you and your needs.

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1. Mortgage Finance Gazette

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What is a lifetime mortgage?

Lifetime mortgages are a type of mortgage where you keep 100% ownership of your property. Choose to make monthly interest repayments or let the interest roll up meaning no monthly repayments. You can choose to ring-fence part of the value in your home to gift as an inheritance to your family. Lump sum and/or regular income. Draw down up to 55% of your home’s value.

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What is a home reversion?

Sell some or all of your home with a home reversion equity release plan for a lump sum and/or for regular payments to your bank account. You can choose to ring-fence a certain percentage of your ownership of a property for retirement purpose, to downsize later on, or to gift as inheritance to your family and loved ones. Stay in the home you love.

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Stay in the home you love

Equity release plans mean that you don’t ever need to move from your forever home, Equity Release Council members also promise not to touch the rest of your estate should your property fall into negative equity, leaving more for your family (2). There are inheritance tax advantages too as you can gift wealth to loved ones although please do consult with an accountant before doing so.

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2. Equity Release Council 

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Lend 4’s equity release team

There are currently 139 equity release schemes in the UK. The choice available to homeowners has more than doubled since 2016 (3). The Telegraph reports that 38,912 homeowners unlocked some of their property wealth with equity release products in the first half of 2018 (4). The Lend 4 equity release team access the whole of market to make sure you get the best deal out there.

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3. Equity Release Council

4. Daily Telegraph