Michael Collis Financial Services
Unit 1, The Balcony,
Accrington Market Hall
What is Equity Release?
Equity release is available to homeowners aged 55 or over. It involves unlocking the money that may be tied up in your home, (minus any outstanding mortgage balance).
The most popular type of equity release plan is a lifetime mortgage, a loan secured against your home which provides you with a tax-free cash lump sum to spend as you wish, with typically no monthly repayments to meet. You receive a lump sum and maintain 100% home ownership. There are here are other types of equity release schemes available on the UK market, all with their own features and benefits. For a no obligation informal chat contact Michael Collis on 07909 522794.