We all have different interests and ambitions in life, but it’s not always possible to pursue these as fully as we’d like if we have other financial priorities. That’s why more and more people who’ve owned their homes for a number of years are choosing equity release.
Equity release is a way of turning some of the value in your home into tax-free cash. It could be a great option if you don’t want to downsize or move home but need some extra money to help make your life easier, and perhaps your families too.
Releasing money from your property may be an option you’re considering, however, it is a big decision as it will affect the value of your estate.
To be eligible for equity release you will need to be aged 55 or over and own your own UK home worth at least £70,000.
Lamb & Holmes are able to offer legal advice if you are considering Equity Release and we work closely with Independent Financial Adviser Aaron Tawny, who offer unbiased and honest financial advice on the various Equity Release plans that are available.
Equity Release is not always the right decision for every client and Aaron Tawny would recommend a suitable alternative if required.
For further information on Equity Release and the other services that are available at Aaron Tawny, please their website: https://atawny.co.uk/services/equity-release-lifetime-home-reversion-plans/