In later years it is not uncommon to have capital tied up in fixed assets such as a home and yet not have the liquidity to fund the lifestyle you want, or perhaps to give support to the family.
Releasing some of the capital locked up in your home can give you access to much-needed funds to improve your lifestyle, support family, reduce your tax liability.
Capital may be released by downsizing.
Equity release schemes offer an alternative means of benefiting from the value of your home and accessing the money tied up in it.
It is important to seek the right advice in these cases, but reputable schemes guarantee that you can stay in your home for life and that the accumulating interest will never leave you with negative equity.
To understand the features and risks of a lifetime mortgage, ask for a personalised illustration.
SWLaw Investment & Financial Planning Ltd