Advice on Annuities
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Getting an Even Bigger Income

If you find the income we can achieve for you from your open market option still insufficient, don’t despair. A more comfortable retirement and greater income can still be achieved by considering releasing equity from your home. This can then be used to purchase a Purchased Life Annuity or invested into a suitable investment or alternatively an income can be provided directly by the equity release company.

Increasing their income and or capital

Making retirement more enjoyable

Paying off debts

Helping children

*In 2006 SHIP members lent a record £1.154 billion, up from £851 million in 2002, an increase of 36%. (Source SHIP Jan 2007 and June 2003)

Equity Release products involve borrowing against, or selling all or part of your home. There may be more suitable methods of raising the funds you need.

Equity Release schemes may work out more expensive in the long term than downsizing to a smaller property.

One type of Equity Release is a Lifetime mortgage, where every year interest is added to the amount you owe. This will reduce the remaining equity in your home. If you live a long time or house prices fall, there may be no equity left for your heirs to inherit.

If you would like a consultant from The equityRelease Centre to contact you to discuss how equity release can give you an even bigger cake, please complete the online enquiry form by clicking here.

Equity Release includes lifetime mortgages and home reversion schemes. To understand the features and risks ask for a personalised illustration.

For researching and arranging the best scheme for you, we will make a charge. This can be paid either by you as a fee, usually 2.25% charged on completion with any commission received from the lender refunded to you, or a combination of fee and commission, usually 1.25% fee charged on completion and 1% commission received from the provider.