Equity Release Brochure

Your guide to
equity release

Unlock tax-free cash
from your home

Unlock tax-free money from your home with Age Solutions

Thousands of people are already enjoying the benefits of equity release and it is important that you have
access to independent advice before you proceed.

Age Solutions will firstly ensure that equity release is the right option for you. If so we will compare the
whole-of-the-market, to find the best plan to meet your individual circumstances. We have negotiated
access to exclusive and preferential plan terms with leading lenders, including Aviva, Just, LV=, Nationwide
and more.

Lenders we work with...

and more...

Unlock tax-free cash from your home

You will probably have already considered the difference that an extra lump sum of money could make to
your life. So, you will be pleased to know that there have been many positive changes in the equity release
market over recent years, making plans clearer, more flexible and better value than ever before.

Your next step

We would be delighted to provide you with a free, no-obligation quotation to help you understand if and how
equity release could help you.

Alternatively, if this guide leaves any of your questions unanswered, please call us and speak to one of our
friendly equity release advisors over the phone, or alternatively arrange to meet an advisor in person, in the
comfort of your own home.

Equity Release may involve a home reversion plan or a lifetime mortgage, which is secured against your
property. To understand the features and risks, ask for your personalised illustration.

For more information or for a free, no-obligation quotation, call

Call Freephone 08000 932 152
www.agesolutions.co.uk

3

Help your children
on the property
ladder

What is equity release?

The value of your home in [town], minus any mortgage you may owe, can be described as your ‘equity’. Equity
release involves accessing some of the money that you have invested in your home.

The money you release from your home is tax-free and you can choose to spend it on almost anything you wish,
from home improvements to a holiday of a lifetime, from the car of your dreams to improving your lifestyle.

How much money you can release depends upon how much your house is worth, how old you are and any
outstanding mortgage balance you may have. Plus some plans may offer you an increased amount based on
your health and lifestyle.

It’s important to consider any outstanding mortgage or secured loans you hold, as it is a condition of equity
release that you repay any existing mortgage or borrowing secured on the property.

However, you do not have to make any monthly repayments, unless you choose to, as the sum you borrow, plus
the interest, is paid off when you, or both of you if a joint plan, pass away or move into long-term care.

Key Facts
With the most popular form of equity release, a lifetime mortgage, you continue to own all of your own home.

You can choose an equity release plan that allows you to move home in the future.

The no-negative equity guarantee means that you will not pass on debt to your estate, provided

some basic conditions are met;

All equity release lenders are regulated by the Financial Conduct Authority (FCA).

DID Last year alone over £2billion was released to UK homeowners1.

YOU

KNOW?

1 Equity release council, Q1 2017 Spring Report.

For more information or for a free, no-obligation quotation, call

Call Freephone 08000 932 152
www.agesolutions.co.uk

5

Pay off your
standard mortgage

Who could benefit from equity release?

If you own your own home and are aged 55 years or older, then you may be eligible to release money from
your home. However, it’s not right for everyone and so that’s why it’s important to seek independent
specialist advice.

There are tens of thousands of people, like you, who are enjoying the benefits that equity release can offer.

Equity release makes monthly mortgage payments a thing of the past

It is a condition that you use some of the money you receive to pay off any standard mortgage that you have
against the property. Of course, this can be of great benefit to many people, as this can make their standard
monthly mortgage repayments a thing of the past, as the interest, as well as the initial loan amount, is paid
off when you, or both of you if a joint plan, pass away or move into long-term care.

Why do people release equity from their home?

People release equity from their home for a variety of reasons, including;

Paying off a standard mortgage;
For home and lifestyle improvements;
Helping children onto the property ladder; or
Paying off debts

Think carefully before securing other debts against your home. By extending the term of these debts, you will be
increasing the overall cost

DID Age Solutions are experts in lifetime mortgages. We are appointed
representatives of Age Partnership who are members of the
YOU Equity Release Council

KNOW?

For more information or for a free, no-obligation quotation, call

Call Freephone 08000 932 152
www.agesolutions.co.uk

7

Take a holiday
of a lifetime

Why choose Age Solutions?

If you are considering releasing equity from your home, you should get independent advice. And so that you
can understand the considerations and benefits fully and find answers to your questions, we’re happy to speak
to you and even provide a free quotation, without any obligation to proceed.

Benefits of our service

We are totally independent specialists, giving you access to plans from the whole of the

equity-release market.

We offer a free, no-obligation quotation.

Our UK phone lines are open 24 hours a day, seven days a week and we don’t use automated menu systems.

We can give all of our advice over the phone, or we can arrange to meet you in person.

Important considerations

There are things that you need to consider before you make a decision about whether to release equity from
your home. We will discuss these with you fully before we make our recommendation to you.

• You could consider alternatives such as…
- Downsizing to a cheaper property could allow you to access a lump sum;
- A standard or retirement mortgage would limit the roll-up of interest you would pay, and could allow

you to access a lump sum and/or reduce your monthly payments; or

- Consider using your savings or pensions that you have not yet accessed.

• An equity release plan will reduce the size of your estate and as a result it will reduce the amount that you

would be able to pass on to any beneficiaries.

• It is possible that the extra funds made available to you by equity release could affect your entitlement to

any means-tested state benefits that you may receive now or in the future.

Remember, we provide initial advice for free and without obligation. Only if you choose to proceed and your
case completes would a fee of 2.25% of the amount released be payable.

For more information or for a free, no-obligation quotation, call

Call Freephone 08000 932 152
www.agesolutions.co.uk

9

Make those home
improvements you’ve
always dreamed of

Secure peace of mind in retirement

Age Solutions also offer a Lasting Power of Attorney (LPA) and Will writing service. Making a Will and/or LPA
are important elements of retirement planning, especially so when considering supplementing your income
with equity release. They can help you prepare for the future, both personally and financially.

What is an LPA?

A power of attorney is a legal document that can protect you and/or your assets in the event of losing mental
capacity and will ensure peace of mind and protection in the future. You can decide how future choices about
your health, welfare and finances should be made for you and who should make them.

DID If you have released equity from your home through a lifetime mortgage and lose
mental capacity, without a power of attorney in place or applying to the courts, you
YOU wouldn’t be able to:

KNOW? • Access any cash reserve;
• Release more money from your plan in the future;
• Opt to change plans in later life

Our Will writing service

It is important for everyone to have an up-to-date Will in place as it is the only way to ensure that your
money and possessions go to those you choose when you pass away. It also means you can appoint
someone you trust to look after your affairs and can help to avoid family arguments during an already
difficult and stressful time.

DID If you get married, or enter into a civil partnership, you will usually need to make a new
Will as the existing one will be revoked automatically.
YOU

KNOW?

To learn more about the range of services we offer, simply speak to an advisor today.

For more information or for a free, no-obligation quotation, call

Call Freephone 08000 932 152
www.agesolutions.co.uk

11

Step 1 Call Freephone 08000 932 152
now to find out if you qualify

Step 2 Speak to one of our friendly advisors
now or request a home visit.

Step 3 Get your no-obligation
recommendation

Step 4 Fill in the application form and receive
your money within 6-8 weeks typically

www.agesolutions.co.uk

Age Solutions Limited, 2200 Century Way, Thorpe Park, Leeds, LS15 8ZB. [email protected] www.agesolutions.co.uk
Company registered in England and Wales No. 09476203. VAT registration number 162 9355 92. Age Solutions Limited is an appointed
representative of Age Partnership Limited which is authorised and regulated by the Financial Conduct Authority. FCA registered number
681715.
Information correct at time of going to print. Sept-17-V1.