Capital release experts specialize in providing clients with local, expert and independent advice on capital release that you are looking for in every product on the market to find the best solution for you. With more than 100 fully qualified advisors, the capital release experts ensure that you have a local, independent expert on hand whenever you need it. By meeting with your local advisor face-to-face, they can understand what is important to you and provide you with advice that is right for your circumstances. They will compare more than 300 plans from across the stock launch market, ensuring they always find the one that best suits their needs.
Our in-depth knowledge of interest rates, products and characteristics of the entire market will help you make sure you are making the right choice for you. OneFamily also offers advice for a flat fee of 950 pounds sterling, paid at the end, rather than as a percentage of the loan, so there are no hidden surprises. Times Money Mentor has been created by The Times and The Sunday Times with the goal of empowering our readers to make better financial decisions for themselves. To do this, we provide you with the tools and information you need to understand the options available.
We do not make or intend to make any recommendations in relation to regulated activities. As we are not regulated by the Financial Conduct Authority, we are not allowed to give you such advice. When we give suppliers or products a customer experience rating or product rating, they are compiled according to objective criteria, using information collected by our partner Fairer Finance. In some cases, we may provide links where you can, if you wish, purchase a product from a regulated supplier with whom we have a business relationship.
If you buy a product through a link, we will receive a payment. This will help us to support the content of this website and to continue investing in our award-winning journalism. Equity release allows you to access cash held at home if you are 55 or older, without having to sell it. Ideally, the decision to take out a capital release plan should be the one you make together with your children or beneficiaries.
The cheapest way to free up the value of your property is to sell it and reduce it to a smaller property, or move to a cheaper area. A lifetime mortgage is the most popular form of equity release and is a secured loan against your home that is usually paid when you die or receive long-term care. The release of capital will reduce the value of your equity and may also affect your right to income controlled profits. We will provide you with expert advice on the release of capital and we will only recommend the release of capital if it is the right choice for you.
Use a capital release calculator, such as the one below from the broker Age Partnership Plus, to get an idea of how much money you can unlock from your home and the likely cost. Other senior loans, in which remortgages are remortgaged to free up some cash and pay only interest, are often called interest-only retirement mortgages (RIO); loans where they repay interest and principal are called capital and retirement capital loans. If a capital release plan is right for you, it's also worth considering whether you can repay your loan on a monthly basis. But it is understandable that many people do not want to leave the family home, which is where the liberation of capital can be a good alternative.
The release of capital is a way for people over 55 to access part of the value of their home without having to sell it. .