Crystal Clear Financial Services - Equity Release

Crystal Clear Financial Services - Equity Release updated their address.

What Can I Use Equity Release For?

This is a question we often get asked from our clients.

The simple answer is, almost anything!

It could be to repay existing debts, buy a car, book a holiday or even gifting money to children or grandchildren.

As long as there is a legitimate reason for doing so and the risks are understood in terms of having that charge against your property, then there are very few limits in terms of its use.

Fore more information on Equity Release, please contact us on (01483) 487417 or email at [email protected]

Equity Release will reduce the value of your estate and can affect your eligibility for means tested benefits.

What is Equity Release?

To keep it simple, there are two main types of equity release, a lifetime mortgage and a home reversion plan.

Both plans allow you to unlock the equity that you have in your property but they work in very different ways!

Here's a quick summary on the two options:

With a lifetime mortgage, there is no interest to pay during your lifetime. Instead, it rolls up with the debt and interest repaid when the borrower dies and the property is sold – or the homeowner goes into residential care. In the case of couples this would apply when the second partner dies or goes into care.

With a home reversion plan, a percentage of the home is sold at a discounted price to its value and a percentage or all of the house is then owned by the Equity Release lender.

Both options can work well for different clients, which is why having expert advice is essential. We also encourage that family members are involved, so that families can discuss the best option and what that means moving forward.

If you're thinking of releasing equity from your property, but not sure where to start, then drop us a line at [email protected] or on (01483) 487417.

We are proud to annouce that our application to join The Equity Release Council has been approved.

This is an important recognition for us and for our clients, as it provides a clear set of standards and guidelines on Equity Release which helps to ensure positive outcomes for clients.

It also helps to build confidence and reasurance to those that receive advice.

This goes hand in hand with our approach at Crystal Clear, and being qualified and able to advise in this area is important in being able to help our clients.

Here's the link to our directory entry on The Equity Release Council website: https://www.equityreleasecouncil.com/company/crystal-clear-financial-services/

Equity Release will reduce the value of your estate and can affect your eligibility for means tested benefits.

Crystal Clear Financial Services - Equity Release updated their business hours.

Crystal Clear Financial Services - Equity Release updated their website address.