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Equity Release

Equity Release is a way of supporting yourself later in life by unlocking tax-free cash from the value of your home without having to move out.

If you're looking for extra money to help out your family, start home improvements or just make retirement a little easier, it could be a welcome boost to your bank balance.

Lifetime Mortgage will reduce the value of your estate and may affect your entitlement to means-tested benefits and tax status.

The impact of not servicing monthly interest payments on a Lifetime Mortgage is that the outstanding debt can grow rapidly, thus reducing the value of your estate.

For example, if the interest rate was 7% a year, a £50,000 loan would double to £100,000 after 10 years assuming no repayments are made.

This is an example for illustrative purposes only and personalised advice and recommendations should be sought from a qualified professional. You are strongly advised to register a lasting power of attorney. This will allow your affairs to be managed by somebody else if your mental abilities significantly decline.

Equity Release services are referred to a third party. Neither The Mortgage Shop (Kent) Limited nor PRIMIS are responsible for the service received.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Registered in England and Wales

The Mortgage Shop (Kent) Limited is an appointed representative of PRIMIS Mortgage Network, a trading Name of Personal Touch Financial Services Ltd. Personal Touch Financial Services Ltd is authorised and regulated by the Financial Conduct Authority.

The guidance and/or information contained within the website is subject to UK regulatory regime and is therefore targeted at consumers based in the UK.

Registered office address - Sutherland House, 6 Nelson Place, Broadstairs, Kent, CT10 1HQ

Registration number - 03783582

The Mortgage Shop Normally Charge A Fee For Mortgage Advice. However, This Will Be Dependent On Your Circumstances. Our Typical Fee Is £299

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