The Penwith Eye | PE1 June 2017

HARRIS BEGLEY
Enjoy Peace of Mind In Your Retirement
Tap Into The Value Of Your Home
And Release A Cash Sum with an
Equity Release Plan
Your retirement years should be a time to relax
and really enjoy life. A time when you are able to
devote more time to hobbies and interests, spend
time with family and friends, improve your home
and garden or even travel the world on a dream
holiday cruise.
Your Home Is Your Asset
Historically your retirement would have been
funded by your personal and state pension, plus
any other applicable state benefits, investments
or savings you may have accrued. However, the
economic climate over recent years has put a dent
in some of those expectations for many, creating
money worries when approaching retirement. A
well-chosen Equity Release scheme can alleviate
these worries and pave the way to a comfortable
retirement... So, if you’re a homeowner, aged
over 55 and looking for additional funds, then an
Equity Release plan may be your solution.
Our Equity Release Advisors are qualified experts
who can provide you with professional, impartial
advice in order to plan a brighter retirement,
specifically designed for you.
Releasing Cash From Your Home
There are a number of different Equity Release
options available which allow you to raise
funds based on the value of your home, as a
Lifetime Loan.
With some Equity Release plans you are not
required to pay off any capital or interest at
any point during your lifetime. Effectively, the
provider of the loan reclaims the capital (plus
any accumulated interest) through the eventual
sale of your property, once the final plan-holder
dies or moves into long-term care.
Qualified Retirement Planning Specialists
As qualified members of the Equity Release
Council, Harris Begley are retirement planning
specialists who can guide you through the
options available to you. There are a number
of areas that need to be considered to identify
if Equity Release is right for you and if at
any point we don’t feel that Equity Release is
suitable, we will advise against it and suggest
alternative solutions.
To book your FREE, no obligation initial
appointment, please contact Harris Begley
on Tel 01736 366550 or
email enquiries@harrisbegley.co.uk
Key Factors of Equity Release
• You must be aged 55 or over, have a property worth at least
£75,000 and be able to release a minimum of £15,000.
• You must use the cash sum released to pay off any existing
outstanding mortgage.
• You retain legal ownership of your home.
• You can safeguard a percentage of your home’s value with an
inheritance guarantee.
• You’re protected with a no negative equity guarantee, so you, or
your estate, will never pay back more than you receive from the
eventual sale of your home.
• There are no monthly repayments. Instead, interest is added
to the loan each year. The loan and interest are repaid in full,
usually from the sale of your home, when you die or go into
long-term care.
• Releasing equity can affect your tax position and eligibility for
welfare benefits.
• Equity Release isn’t suitable if you have savings you could use
instead, or would prefer to sell all, or part of your home, or
downsize.
• It will reduce the amount of inheritance you can leave.
Equity Release is a lifetime mortgage or home reversion scheme.
To understand the features and risks, ask for a personalised illustration.
Finance
Call - 01736 366550
email - enquiries@harrisbegley.co.uk
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