Equity Release guide in association with Just Retirement Solutions Ltd

Equity release is a tool enabling home owners to use the value of their homes to produce a capital sum or an income while they continue to live there. There are various types of Equity release schemes; we recommend that you take independent financial and legal advice before entering into such schemes. There are numerous providers of Equity release plans. Every lender can have differing interest rates, loan criteria and customer benefits, each of which need to be thoroughly researched to match your personal needs.

For this reason, FirstStop offers an equity release advice service provided by Just Retirement Solutions, who are dedicated to providing customers with specialist equity release advice to help them enjoy retirement to the full. Just Retirement Solutions uses a panel of carefully selected products. An adviser will talk to you about your circumstances and assess whether equity release is the right option for you. If it isn't, they will clearly state the reasons why not. If it is, they will give you comprehensive advice on an appropriate equity release plan that meets your needs and circumstances. Advice is with no obligation and an administration fee of £749 will only be charged if you take out a plan. equity release may involve a lifetime mortgage or home reversion plan. To understand the features and risks, please ask for a personalised illustration.

To find out more about the FirstStop Equity Release Advice Service click here.

Equity Release Plan, Capital Release Plan or Home Income Plan, a variety of plans or financial products exist to help older home owners generate a lump sum or a regular additional income, or sometimes both out of their home.

Lifetime Mortgages and Home Reversion schemes are the two main types of equity release schemes.

Under a Lifetime Mortgage, the owner takes out a loan as a mortgage while retaining the ownership of the property.

Under a Home Reversion scheme, the owners sell their home, or part of it but retain the right to live there for their lifetime.

Download a copy of The FirstStop Guide to Releasing Capital From Your Home