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Equity Release

R Pipe Insurance Consultants is here to help with Equity release Schemes which allow you to release the equity in your home so you can live your retirement dream.

What is Equity Release?

You may of heard of this term for several things such as remortgaging your house. But for this purpose equity release is the phrase used to describe the regulated plans called Lifetime Mortgages and Home Reversion plans.

Both are regulated by the Financial Conduct Authority and are available to help people release the equity they have tied up in their homes without having to move.

Regulated equity release has increased in popularity over the years and the flexible safeguards which are built into equity rlease plans have enabled thousands of home owners to tap safely into their biggest asset, their home, without having to worry about making monthly repayments. Because the equity is yours in the first place, there is no tax to pay on the funds you receive and no regular repayments to make, With a Lifetime Mortgage, which is the most popular form of equity release , you continue to own 100% of your home throughout.

At R Pipe Insurance Consultants we only recommend schemes that follow the regulations set out by the Safe Home Income Plans (SHIP) organisation .

If you are thinking of taking out an equity release plan then we recommend you find out as much as you can about the options available to you and weigh up the advantages and disadvantages fully before you decide if equity release is right for you. Our fully qualified and experienced adviser Paul Shires will help you to understand the steps involved and talk you through your options , the effects on state benefits, tax and your obligations along with the benefits of equity release.

Because the funds that you release , plus any interest accrued , are paid back from your estate once you pass away, a Lifetime mortgage will reduce the value of your estate and the amount that you will be able to pass on to your beneficaries .

It is possible that the additional funds made available to you through equity release could affect your entitlement to means -tested state benefits.

Do you qualify for Equity Release?

There are limits to how much you can raise through equity release- and the older you are, the more cash you can release from your home. In order to qualify reelase you must be able to fulfil the following criteria:

Contact us now and speak with our qualified adviser to see how equity release may work for you. We will handle the whole application process from start to finish for you.

Important Information

To understand the features and risks ask for a personalised illustration. An equity release plan will reduce the value of your estate, will not be suitable for everyone and may affect your entitilement to state benefit.

Equity release may involve a Lifetime Mortgage, Drawdown Lifetime Mortgage or a Home Reversion Scheme. To understand the features and risks ask for a personalised illustration.

R Pipe Insurance Consulatnt is directly authourised and regulated by the Financial Conduct Authority. Number 137997

To find out more about our Equity Release services contact us today