EPICURE Early Spring 2020

EPICURE later life
OVER-55S CAN IMPROVE
THEIR LIFESTYLE WITH
EQUITY RELEASE
The family home represents a significant asset in
many people’s portfolio, but the money tied up
within its walls is often untouchable without having
to downsize. With equity release however, this is no
longer the case...
By utilising a Lifetime Mortgage, you can access a
portion of your home’s value as a tax-free cash lump
sum. There are no required monthly payments and you
will retain complete ownership of your home. Interest
is charged monthly and is simply added to the mortgage,
with the total not being due for repayment until you have
passed away or entered permanent long-term care.
The mortgage is typically repaid with the sale of the home,
but your estate can use other means that may be available to
them if they wish to keep the home.
Who am I?
My name is George Wotton, a fully qualified equity release
specialist with over 35 years of industry experience. You
can book a no-obligation, face-to-face meeting with me to
discuss your financial needs. I will be able to provide you
with a personalised illustration, indicating how the mortgage
can grow over time, helping you to understand the impact
that releasing equity could have on the value of your estate
and entitlement to means-tested state benefits.
Why consider equity release?
The tax-free cash injection to your finances can be used
however you wish. Many of my customers like to use it to
make improvements to their home, updating their décor and
ensuring their home is future-proofed.
As releasing equity from your home will reduce the value
of your estate, you could also use a Lifetime Mortgage as an
effective Inheritance Tax planning tool, though it is worth
being aware that the Financial Conduct Authority do not
regulate tax planning.
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