Equity Release

Equity release is a way of unlocking the value of your home and turning it into a tax-free, cash lump-sum.

Thomas & Co are pleased to offer equity release plans to people over the age of 55 with a minimum house value of £70,000. We visit you in the comfort of your own home and encourage family members to be at the meetings too.

Equity release is a way of unlocking the value of your home and turning it into a tax-free, cash lump-sum.

Money can be released for any reason. Most people release equity from their homes for the following reasons;

1Pay off their current mortgage

2Reduce out goings

3Regular Holidays or a holiday of a life time

4Adapt their home so they can live there as long as they desire

5 Pay off debts

6 Release money to family members

7 Upgrade their home

The list is endless. Equity Release is essentially a long-term loan that’s repaid using your home once you pass away or require long-term care. Until then, you’ll remain a homeowner with no need to move out. Entering into a lifetime mortgage (or any form of equity release) will reduce the amount of inheritance you can leave behind. It may also affect your tax position and eligibility for welfare benefits.

Call Thomas & Co to arrange a free home visit to discuss Equity Release in more detail. Thomas & Co believe that the more information you have regarding Equity Release, the easier it is to make an informed decision. Making sure Equity Release is right for you and your family.