Clive Freeman Financial Adviser
7 Lords Drive, Telford, Shropshire, TF2 9UE |  Telephone 01952 299512   Mobile 07985 414252 |  Email info@freeman-ifa.com
Clive Freeman Financial Adviser - is an appointed representative of Network Direct Limited, which is authorised and regulated by the Financial Conduct Authority. The Financial Conduct Authority do not regulate Will Writing, Loans, Credit Cards, or some forms of Mortgage, Tax Advice, Offshore Investments, and Estate Planning. This site is intended for UK investors only. 7 Lords Drive, Telford, Shropshire, TF2 9UE |  Telephone 01952 299512   Mobile 07985 414252 |  Email info@freeman-ifa.com
Mortgages

Equity Release

What is equity release? Equity release refers to a range of products letting you access the equity (cash) tied up in your home if you are over the age of 55. You can take the money you release as a lump sum or, in several smaller amounts or as a combination of both. Equity release options There are two equity release options: Lifetime mortgage: you take out a mortgage secured on your property provided it is your main residence, while retaining ownership. You can choose to ring-fence some of the value of your property as an inheritance for your family. You can choose to make repayments or let the interest roll-up. The loan amount and any accrued interest is paid back when you die or when you move into long-term care. Home reversion: you sell part or all of your home to a home reversion provider in return for a lump sum or regular payments. You have the right to continue living in the property until you die, rent free, but you have to agree to maintain and insure it. You can ring-fence a percentage of your property for later use, possibly for inheritance. The percentage you retain will always remain the same regardless of the change in property values, unless you decide to take further cash releases. At the end of the plan your property is sold and the sale proceeds are shared according to the remaining proportions of ownership.
Clive Freeman Financial Adviser
7 Lords Drive, Telford, Shropshire, TF2 9UE Telephone 01952 299512 Mobile 07895 414252  Email info@freeman-ifa.com
Clive Freeman Financial Adviser - is an appointed representative of Network Direct Limited, which is authorised and regulated by the Financial Conduct Authority. The Financial Conduct Authority do not regulate Will Writing, Loans, Credit Cards, or some forms of Mortgage, Tax Advice, Offshore Investments, and Estate Planning. This site is intended for UK investors only. 7 Lords Drive, Telford, Shropshire, TF2 9UE |  Telephone 01952 299512   Mobile 07985 414252 |  Email info@freeman-ifa.com

Equity Release

What is equity release? Equity release refers to a range of products letting you access the equity (cash) tied up in your home if you are over the age of 55. You can take the money you release as a lump sum or, in several smaller amounts or as a combination of both. Equity release options There are two equity release options: Lifetime mortgage: you take out a mortgage secured on your property provided it is your main residence, while retaining ownership. You can choose to ring- fence some of the value of your property as an inheritance for your family. You can choose to make repayments or let the interest roll-up. The loan amount and any accrued interest is paid back when you die or when you move into long-term care. Home reversion: you sell part or all of your home to a home reversion provider in return for a lump sum or regular payments. You have the right to continue living in the property until you die, rent free, but you have to agree to maintain and insure it. You can ring- fence a percentage of your property for later use, possibly for inheritance. The percentage you retain will always remain the same regardless of the change in property values, unless you decide to take further cash releases. At the end of the plan your property is sold and the sale proceeds are shared according to the remaining proportions of ownership.