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Perhaps you are considering Equity Release at present to achieve your goals and objectives. Perhaps you would like to know more.
Page Contents
Perhaps you are considering Equity Release at present to achieve your goals and objectives. Perhaps you would like to know more.
At BRS Equity Release, we have helped many clients achieve their dreams by releasing some or all of the available equity in their homes. We fully understand the procedures involved but over the years we have gained an invaluable insight into the fears and concerns our clients have. It is our aim to ensure that any queries are fully addressed without reservation, and to make sure the process is as easy and straightforward as possible.
Our friendly and highly trained customer services team are always available to answer any questions you may have. At BRS Equity Release it is our objective to exceed your service and advice expectations. By engaging fully with our clients we are able to appreciate exactly what they are trying to achieve and tailor make a financial solution to address those objectives immediately and into the future.
On engaging with us you will be allocated a ‘dedicated’ adviser who will look after you from your first appointment to completion and, if necessary, beyond that. Much of our business comes from recommendations from existing clients which is very satisfying indeed. It shows we care and in return we are rewarded for our attention to detail and the many positive outcomes we oversee, by you, the customer.
Access to the substantial reserves of cash tied-up in your home has never been easier! Property values having increased dramatically over the last 50 years, and some property analysts are now saying they’re set to soar again in the next fifty years. You’ve spent many years looking after your home, isn’t it about time you explored ways on how it could start looking after you?
If you are over 55 years old, Equity Release could turn the equity you’ve built up over time into ‘tax-free’ cash without the need for you to sell-up or downsize. The ways in which to spend this presently, unrealised windfall are limitless! Most of our clients fall into the category of people which has now become something of a cliché. They are ‘asset rich-cash poor‘. They do not want to move home and start afresh and they like the communities in which they live and have no desire to abandon them now that they are advancing in years.
Many people are turning to the prospect of releasing money from their homes, as after retiring, they have found their quality of life has reduced as they no longer have the salary to support ‘life’s little luxuries’ and the private or state pensions they are relying on are falling behind in value due to the pressures of inflation. Indeed, many people are finding it very difficult to make ends meet on a month to month basis. Equity Release may be the solution, whether in the form of a lump sum or as a drawdown facility taking money in a monthly or quarterly basis to enhance and improve ones standard of living has never been more attainable.
The solution to this problem for an increasing number of homeowners is to use one of the many available Equity Release schemes. This allows the homeowner to take the maximum lump sum or alternatively, a more modest lump sum initially plus a cash reserve or draw-down facility for future use.
Whatever Equity Release Solution you choose, you and your partner can live in your home for the rest of your lives. The loan is repaid on death of the surviving partner or when the surviving partner moves into long term care with no prospect of returning to their home.
As previously stated, the ways in which to spend your hard earned ‘tax-free’ cash are limitless. Here’s just a few suggestions on how you could put that new found wealth to work…….
Once you have decided to release some of the equity in your property, the next decision to make is which financial product you want to use for this purpose. A lifetime mortgage is the most common solution, and it works in a similar way to the standard mortgage you paid when you were buying your property but with no contractual obligation to pay the loan off while you are still alive, although there are many flexible features which will allow you to do so should you prefer to repay the loan.
Among the main benefits of taking out a lifetime mortgage, are that it can releases some of the equity or value built up in your property over time, so allowing you to achieve your aims and objectives in later life. You are not obliged to make any payments to your Lifetime Mortgage, although many allow you the flexibility to do so. You will always own your home and are entitled to live there for the rest of your life.
Funds generated from your Lifetime Mortgage are tax free. What you eventually draw down may have an effect on any entitlement to benefits currently received. BRS Equity Release will automatically check this for you as part of the advice process.
If and when you decide to move forward with your application, our team of advisors will assist you and answer any further questions you might have.
Take you time and don’t ever be rushed into making a decision, whatever your requirements BRS Equity Release will be there to assist you every step of the way.
Once the money has been released to you, the choice on what to spend it on is entirely up to you. There are no restrictions whatsoever (provided it is legal!). So whether you want to go on a round the world trip, buy a new car, or simply pay off other debts, the choice is entirely yours.
Absolutely, that is one of the major benefits of this type of scheme, and it in our opinion is one of the more important foundations upon with the agreement is built. There is little point in removing the financial stress, if a few years down the road you are concerned about losing your home. In fact, not only are you entitled to remain in the home for the rest of your life, but so is anyone else mentioned in the agreement.
If everything goes according to plan, then it is entirely feasible for the money to be released to you between three and four weeks. However, always err on the side of caution and plan on the entire process taking up to eight weeks. The length of time is not entirely under our control, and can take even longer if your solicitor is unfamiliar with equity release schemes for instance.
When you sign the contract, you are simply agreeing to another style of mortgage, so the ownership of the property remains with you.
To get more advice and information, please fill out the form and we will be call you back.
Guarantees
You have the Right to Remain in your Home for as long as you choose
You will NEVER owe more than the value of your home due to the "no negative equity" guarantee.
You have the freedom to move to another property without financial penalty (subject to provider criteria)
We are Here to Help You
Looking to release some cash that is tied up in your property? Find out more here
See PlansUse our Equity Release Calculator to find out how much cash you can release
Use our CalculatorHere at BRS Equity Release, we put our clients at the very heart of everything we do. We and our partners pride ourselves on being open, transparent and highly informative. We have partnered with independent firms of Equity Release Specialists with access to the whole of market* and fully committed to finding you the best equity release solution.