Equity Release

Release cash from your home

Introduction

Pros and cons

Important Information

Introduction

What is equity release?

Lifetime Mortgages

With a lifetime mortgage, a homeowner borrows a lump sum or takes out a series of smaller loans secured against the value of their home. The loan, plus any interest that accrues, is repaid when the property is sold, usually after the homeowner has passed away or moved into long-term care.

Home Reversion

With a home reversion plan, a homeowner sells a portion of their property to a reversion company in exchange for a lump sum or regular payments. The homeowner retains the right to live in the property rent-free, but the reversion company owns a share of the property and will receive a share of the proceeds when the property is sold.
Our Process

Your journey

Speak to an adviser

One of our financial advisers will contact you using your preferred method of contact to discuss your financial financial objectives and current circumstances.

Find a plan that works for you

Our advisers will take into consideration the financial goals and objectives that are most important to you and offer advice in meeting these goals and objectives.

Begin your journey

Now you're on the road to financial freedom. Your adviser will continue to support you throughout your journey with us, putting your needs at the forefront of every decision.
Considerations

Making an informed decision.

Benefits
Considerations
You can get a tax-free lump sum and/or smaller, regular payments to supplement your income, and can continue to live in your home until you die or move into permanent residential care.
You may continue to benefit from any rise in the value of your property.
You can still move to a suitable alternative property in the future, as equity release is transferable. It will be subject to your new home meeting the property suitability criteria applicable at the time.
With a lifetime mortgage, you continue to live in and keep ownership of your home.
Equity release reduces the value of your estate and the amount that will go to the people named as beneficiaries in your will. Your estate is everything you own, including money, property, possessions and investments.
With a home reversion plan, the reversion company owns all or a part-share of your home.
Getting a lump sum or taking extra cash to supplement your income may reduce your entitlement to means-tested benefits, now or in the future.
If you get care at home funded fully or partially by the local council, they may start charging you or ask you to pay more.
Get in touch

Ready to start your journey with Absolute?

Speak to an adviser
Find your local office
Important Information

Understanding fees and risks.

Risk Warning

Your home may be repossessed if you do not keep up the repayments on your mortgage.

Our Fees

A fee of £795 when you apply for an equity release product, we will also be paid a commission from the lifetime mortgage lender / home reversion plan provider.

A fee of £145 when you apply for a mortgage product switch or mortgage transfer, we will also be paid a commission from the lender.

A fee of £395 when you apply for a mortgage purchase or re-mortgage, we will also be paid a commission from the lender.

Our Insights

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Absolute Financial Management is authorised and regulated by the Financial Conduct Authority, FCA Number 401135 / https://register.fca.org.uk/

Registered in England and Wales 05027747. Registered Office The Bull Yard, R/O 75 High Street, Ashford, Kent, United Kingdom, TN24 8SN.

Should you have cause to complain, and you are not satisfied with our response to your complaint, you may be able to refer it to the Financial Ombudsman Service, which can be contacted as follows: The Financial Ombudsman Service, Exchange Tower, London, E14 9SR. Website: www.financial-ombudsman.org.uk.
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