EQUITY RELEASE can be of real benefit but can be complex, and needs to be very carefully considered to ensure that it is right for you. As a fully authorised advisory firm Burwood Sage is ideally placed to help and advise you, your family and your friends.

There are two main types.

1) Lifetime mortgage whereby the homeowner takes out a loan against the value of their home, which is repaid when the property is sold after the owner passes away or goes into long-term care. Typically, interest is 'rolled up', in other words, no interest is paid until your home is sold.

2. Home Reversion Scheme involves the homeowner selling part of their home, and the company which buys it then gets a percentage of the property's value when it is sold.

It is generally expected that the current economic climate will see a rise in popularity of equity release schemes, as more and more people look for alternative ways of topping up their pension.


FOR A COPY OF OUR FREE EQUITY RELEASE GUIDE simply give us a call. Its clear, jargon free and published by the Financial Services Authority - No Jargon, No Selling, Just Facts!