Why consider equity release?
Equity release schemes have gained much interest over the past few years, with homeowners looking to free up cash for a stress-free retirement, that special holiday or to help children and grandchildren raise a deposit for their own first home.
How do they work?
Equity release means you get to stay in your own home and no repayments are required until you die or need to go into full time residential care. However, the interest on the money you’ve released from your home will continue to accrue and this can become a large amount, resulting in next to nothing being left as inheritance.
Example of repayments
If you release £100,000 of equity from your home, after 5 years, with an interest rate of 6.5%, you’ll owe over £137,000. After 20 years, the cost of releasing that £100,000 will mean you owe more than £350,000.
Our Part Exchange as an alternative
We’ll give you up to 100% market value for your current property, less the price of your new luxury bungalow, leaving you the difference in cash. Plus, there are no estate agent fees, no solicitors to pay and no stamp duty either. You won’t fall foul of any chains; you’ll be given a guaranteed move date and all this can be achieved within a four week period.
*Terms & Conditions: Offers subject to survey and clear legal title. All properties are considered on an individual basis for suitability.
A new start
So you’re left with a brand new bungalow, in a lovely desirable location that you own outright, cash in the bank and debt free. There’s also our Winter Warmer Offer where we’ll pay your energy costs for two years, as well as your removal and solicitors’ fees.
Talk to us
To find out more about our Part Exchange scheme. arrange a viewing or just talk to us about the homes, please call us on 01626 886758, email firstname.lastname@example.org or click here to make an online enquiry.