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We offer a wide range of equity release options to meet every type of need.

Equity release schemes allow you to access your property’s value for more cash in retirement

If you’re facing a retirement income shortfall or need to meet a sudden unexpected expense, equity release can seem attractive. It will allow you to tap into the wealth that you have built up in your property without the need of having to move. But before you decide taking this option, there are key aspects of it that you need to know.

This is where All Saints Financial Solutions will guide you through the process and make sure it is in your best interest or not.

Lifetime mortgages

With Lifetime Mortgage, you borrow a percentage of your home’s value. Interest is charged on the amount but nothing usually has to be paid back until you die or sell your home. The interest is compounded or ‘rolled up’ over the period of the loan, meaning your debt is likely to double in 11 years at current rates. We will only recommend schemes that have a no negative equity policy meaning you will owe nothing should it go into negative equity.

Home reversion schemes

With Home Reversion Plan, you usually sell a percentage of your property to the provider for less than the market value. You have the right to stay in your home for the rest of your life if you wish. When you die or move into long-term care and the property is sold, the provider gets the same share of whatever your home sells for as repayment. For example, if you sold 50% of your property to the provider, it would get 50% of the sale price. You may pay a small rent called a peppercorn rent. ( a small payment per month)