Lifetime Solutions
Lifetime Solutions Equity Release

WHAT ARE The Types of Equity Release Plans?

There are two distinct types of plans:

Lifetime Mortgage - this is similar to a conventional mortgage but no repayments are made. A lifetime mortgage allows you to release a cash (lump sum, a drawdown facility or monthly income) from the value of your property. Because you do not make repayments, interest rolls up year by year. This interest plus the cash released is repaid out of your estate when you pass away or move into permanent long-term care. You retain 100% ownership of your home throughout the life of the plan.

Home Reversion Plan - you sell part or all of your property to a home reversion company. In return you receive a lump sum of money and the right to remain living in the house, rent free, until you pass away or move to permanent long-term care.

 

WHAT IS Equity Release?
WHAT ARE The Benefits?
WHAT ARE The Risks?
WHAT ARE The Types of Equity Release Plans?
WHY CHOOSE Lifetime Solutions?
HOW MUCH Does it Cost?
WHAT IS The Next Step?
WHO ARE Your Advisers?
WHAT PEOPLE SAY Testimonials
LINKS Helpful Links
HOW TO Contact Us


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Telephone 01386 712305

 

Lifetime Solutions Ltd is an appointed representative of Financial Ltd which is authorised and regulated by by the Financial Services Authority. FSA Registration No: 467064. Decisions should not be taken based solely on the content of this website and professional independent advice should be sought first. Regulations, levels and bases of taxation are subject to change and individual circumstances. The information contained in this website is subject to UK regulatory regime and is therefore is restricted to consumers in the UK. No responsibility is accepted for the accuracy or content of external websites.

This equity release product may involve a lifetime mortgage or a home reversion plan. To understand the features and risks, ask for a personalised illustration.