Equity Release - more information
There is a no negative equity guarantee. In short, if your house reduces in value after you have taken out the equity release neither you, nor your beneficiaries, are liable for the 'shortfall'.
This means that when your property is sold, neither you nor your estate will be liable to pay any more money (Equity Release Council standard).
You can pay none, some or all of the interest as suits your budget and family considerations.
You can draw down from the released fund or take a lump sum. The advantage of being able to draw down money out in smaller amounts is that you only pay the interest on the amount you’ve withdrawn.
Fairfield Finance are one of a small number of independent brokers with the licence to offer this service and advise on the best products for you.
We pride ourselves on our sensitivity to your needs and our professionalism in carrying out a thorough search of the best products currently available.
Our clients have been able to release much needed cash tied-up in their property to help their children, grandchildren, pay off debts, carry-out home improvements, go on holiday or generally make their daily lives more comfortable financially.
Give James a call on 020 8747 9590 for a friendly chat in confidence.
Equity Release & Inheritance Tax
Useful further reading, click on button to read more:
Useful further reading, click on button to read more: