Equity Release
Equity Release in Lowestoft
Our principle partner Michael Boon Cert PFS CeMAP CeRER is qualified and registered through the Financial Services Authority to offer a valuable Equity Release service from the whole of market for those aged 55 or over and are home owners. Michael will guide you through the different types of equity release schemes available to find the best plan for your needs.
Equity Release Schemes allow you to release tax-free cash from your home to boost your finances in later life. The two main types of equity release schemes are Lifetime Mortgages and Home Reversion Plans with drawdown options also available.
Business Matters only recommend approved schemes from SHIP (Safe Home Income Plans) that allows you to:
- Remain in your property for life, providing the property remains your main residence
- Move your plan to another suitable property without any financial penalty, subject to criteria
- Guarantee you will never owe more than the value of your home and no debt will ever be left to your estate
Many of our clients use this money to repay an existing mortgage, make home improvements, buy a new car and even go on a holiday of a life time, while others may wish to offer financial assistance to their children or to improve their own quality of life in retirement.
For further information regarding equity release in Lowestoft and throughout Norfolk and Suffolk please call Michael on 01508 483983