Is it the right time for equity release?

North Devon Gazette

Has your home increased in value recently? Are you considering making use of some of the Equity you have within your home?Â
Here at Town and Country Financial Advisers in North Devon, we work closely with an expert, local equity release adviser.
They will be able to assist you in this particular area and provide tailored advice regarding the options that will be available to you.
Equity release is a way for homeowners that are aged 55 and above to release some of the tax-free funds from their main residence without having to move.Â
It can play an important role in retirement funding. The flexibility and safeguards that are built into plans allow thousands of homeowners to tap safely into some of their housing wealth, all without worrying about making monthly repayments.Â
Equity release has grown in popularity over the years and is now an increasingly popular choice for people approaching retirement to boost their finances.Â
To be eligible for equity release, you will need to ensure you fit within the following criteria:Â
•   Â You must be aged 55 years or older, with the youngest homeowner aged at least age 55 as well.Â
•   Â You will need to be looking to release a minimum of £10,000 of equity from your home.
•   Â You will need a minimum property value of £70,000.
Please also note that that the maximum you are able to borrow will be based on the age of the youngest homeowner, their health and lifestyle, and the value of the property.Â
If you feel you would like to discuss this further, you are welcome to book in a free, initial no-obligation consultation to speak with our specialist equity release adviser*.Â
Please do not hesitate to call our office on 01271 458121, or call into Town and Country’s new offices at 66-67 Boutport Street, Barnstaple. Or email us on info@devonfinancialadvisers.co.uk and we will be happy to help however we can.
*Equity Release is referred to a specialist equity release adviser that Town & Country Financial Advisers works closely with.
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