We know people look forward to retirement and yet for some close to retirement age, that dream may feel quite distant. At Banner Jones, we've helped many homeowners to generate a tax-free lump sum by releasing equity tied up in their property.
What is equity release?
Equity release allows homeowners over 55 to extract cash from the value of their property by taking out a secured loan against their home.
You pay no immediate interest on the money you borrow. Instead, the interest is rolled up at a fixed rate, agreed at the beginning of the loan. Then the loan is paid in full when your property is sold.
Reasons why people choose to release equity
- It's tax-free
- You can still live in your property
- You can use the lump-sum amount to improve the home, fund retirement or help your children to buy their first house.
Why choose Banner Jones for equity release?
When considering taking a loan against your home, it is critical to have the best expert advice. With a wealth of experience and a team of dedicated specialists, you can rest assured that Banner Jones can help.
As a Leading Legal 500 UK law firm, we've helped thousands of people in Sheffield, Chesterfield, Mansfield, Nottingham and across England and Wales with their conveyancing needs.