Equity Release plans allow homeowners to free up some of the equity in their property so if you are aged 55 or over and own your own home, you may wish to consider this as an option. This is typically available for people wishing to raise monies for things such as:

• Home improvements
• Debt Consolidation
• Purchase of a significant item e.g. car, holiday home, motor home
• To fund long term care
• To provide gifts to family members
• To generate a capital lump sum or additional income for retirement

Equity release are referred to a third party. Neither Solution Mortgage Centre Limited or PRIMIS are responsible for the services received. 

A 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.