LIFETIME MORTGAGES AND EQUITY RELEASE
LIFETIME MORTGAGES AND EQUITY RELEASE SCHEMES INVOLVE SERIOUS CONSIDERATIONS AND RISKS.
As well as sometimes coming with higher interest rates than a normal mortgage, they can often reduce your entitlement to state benefits and grants, and could affect your family’s inheritance too. Having said this, for certain people in certain circumstances, a lifetime mortgage or equity release is a good option: it could help release a lump sum to spend as you like, or enable you to stay in your home for longer.
At Active, we’ll talk to you about this option and the alternatives, making absolutely sure that if you do go ahead with it, it’s for all the right reasons. We’ll explain things clearly and honestly, highlighting the disadvantages as well as the benefits, leaving you perfectly prepared to make the decision that’s right for you.
AS PEOPLE ENJOY LONGER LIVES THAN EVER BEFORE, AND STATE HEALTHCARE FACES AN UNCERTAIN FUTURE, IT’S BECOME MORE IMPORTANT TO THINK ABOUT PROVIDING FOR YOUR OWN LONG-TERM HEALTH NEEDS.
Our specialist advisers can guide you through the different possibilities and their various pros and cons, covering options like insurance policies, equity release schemes and annuities or immediate care plans.
Your adviser can also talk about the way in which your income or savings will affect your entitlement to state care. It will help you to navigate this complicated issue and arrive at the right solution – one that perfectly balances your need for great care with protecting your income and assets.