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Some schemes have
attracted criticism as being over complicated and
offering the home owner poor value, but equity
release arranged through a reputable experienced
company is straightforward and available to people
of any age so long as they are homeowners.
In a market where
house prices have risen, home owners who have been
on the property ladder for several years have
almost certainly accrued a lot of value. But
whilst that value is in their home they are unable
to use it. Equity release through sell
and rent back offers a way of freeing up that
capital without the need to move out and downsize.
Of course, once you have received the value of
your home you will need to pay rent to the equity
release company, but the money from your home will
be yours to do with as you please. This
could present the chance to go on a holiday of a
lifetime, boost your savings or increase your
monthly income. Once you’ve budgeted for
your rental payments the equity release will allow
you to be free of debt and provide you with a
large cash lump sum.
Equity release
isn’t right for everyone. If you have just
started out on the property ladder and do not own
a lot of equity it is unlikely to be for you.
However, if you have finished paying off your
mortgage, or if you have a substantial equity in
your house – even if you still have a mortgage
– releasing those funds might give you the
opportunity to do things you could only previously
dream about. Equity release could even allow
you to retire a little earlier than planned and do
that traveling you always promised yourself!
Whatever your goals, talk to Switch Property
Services about how you can sell
your property and rent it back through equity release,
and be assured of honest straightforward advice. |
100%
CONFIDENCE
EQUITY RELEASE
