You should expect that the best capital release companies will be members of the Capital Release Council and are authorized by the Financial Conduct Authority. With so many brilliant options on the market, you could end up choosing the wrong equity release lender, only to regret it later. But it is understandable that many people do not want to leave the family home, which is where the liberation of capital can be a good alternative. Plus 2 Life Capital Release Plans offer a range of features including improved rates for people with medical or lifestyle problems and inheritance protection.
I was very pleased with the way Rebecca explained everything about Equity Release, very professional, not like some others, very good Ambassador for Responsible Living and would highly recommend her. It shows how a debt of £75,000 increases over time, compared to releasing the same amount through a housing reversal scheme. The release of capital is a way for people over 55 to access part of the value of their home without having to sell it. Responsible Loan capital release schemes consist of a lifetime lump sum mortgage and a reduction option.
Use a capital release calculator, such as the one below from the broker Age Partnership Plus, to get an idea of how much money you can unlock from your home and the likely cost. Oh, and if you have experience using Just Retirement's capital release service, you can also write a review. And finally, before you make a decision, research alternatives to capital release, make sure you understand exactly what you will be committing to, and discuss your plans with your family. With a number of different providers to choose from and freeing up capital becoming more popular, finding the best capital release provider may require a bit of research.