Lifetime Mortgage (Equity Release)

Lifetime Mortgage (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.

Read our Retirement Freedom Newsletter here for information about releasing equity in your property.

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

  • Pay off their current mortgage
  • Reduce out goings
  • Regular Holidays or a holiday of a life time
  • Adapt their home so they can live there as long as they desire
  • Pay off debts
  • Release money to family members
  • 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.

We are proud to be members of the Equity Release Council.

Being a member means we uphold the high standards that the council has set for products and services.

If you are interested in seeing the complete rules and guidance on the Equity Release Council’s website, click here.

Thomas & Co Mortgage Advice Ltd. Hinckley, Leicestershire

Contact Us

Fill out this field
Fill out this field
Please enter a valid email address.
Fill out this field
Just to prove you are human! 29 - 12 = ?
Enter the equation result to proceed