Equity release specialist covering Edinburgh, Dundee, Perth and surrounding areas.
Equity Release Mortgage Experts Covering Edinburgh, Scotland, and UK.
Equity Release Edinburgh
Are you aged fifty-five or over and considering an equity release Mortgage? If you are considering using the value of your home to generate a cash lump sum or income to improve your standards of living, one of our qualified financial advisers will provide you with an overview of your equity release options.
The Equity Release Council (ERC), a not-for-profit organisation, is the industry body for the equity release sector. It aims to fully represent and facilitate the safe growth of the equity release market by helping to create the conditions which enable the market to develop effectively.
The ERC provides you, the borrower, with protection and continues safeguards to ensure good outcomes when using equity release to fulfil your plans. The ERC provide the following safeguards:
Equity release, also known as a lifetime mortgage, ensures the interest rate agree is fixed for the life of the loan.
Equity Release Specialists Edinburgh
What is Equity Release? Equity release schemes enable older home owners to release cash from the value of their property without the need to move house. Reasons for wishing to take out equity release may include finding cash necessary for;
Travel and hobbies
General living costs
Helping out family members
Generally there are certain conditions that need to be met before taking out equity release, for example:
You will need to be a minimum age of 55
Your property must be in reasonable condition
You must be a home owner with no dependants living with you
Your property must be over a certain value
You have little or no mortgage left on your property
Information coming soon…