Do you need more cash in retirement? It may be possible for you to “release” some of the value of your home as tax-tree cash.

Why consider Equity Release?

More people than ever are now considering equity release because of factors including cut-backs in state pensions, inadequate private or company pensions, longer life expectancy and the increased cost in later life care. For many though they just want a better quality of life.

Popular reasons for taking out equity release plans include:

• To clear other mortgages or debts
• To make home improvements
• To help other family members
• Improve retirement with holidays, new cars etc..

As more and more people take out equity release plans so the market responds with better products and features. You can:

• Get lower interest rates than ever before
• Take the money in one lump sum or in chunks as and when you need it
• Have inheritance protection for your loved ones
• Downsize or move should you want to 

Why should I choose the Equity Release Information Centre? 

Established in 1985 we are an independent, whole of market specialist equity release advisory service. We can advise on and have access to all the products in the market allowing us to act in your best interests.

We are members of the Equity Release Council, all our staff are fully trained and qualified and we only recommend plans that come with safeguards so that you will have legally guaranteed occupancy of your home for the rest of your life.

Call us for your FREE, no obligation consultation

Our friendly advisors will find out about your personal circumstances either over the phone or in your own home and will provide you with a written proposal to consider and discuss with family. There is no pressure or stress and this incurs no cost at this point.

Equity release isn’t right for everybody and that’s why its so important to get professional advice.

These are lifetime mortgages or home reversion plans. To understand the features and risks ask for a personalized recommendation.

Case studies- How we have helped other clients

Roll-up Cash Lump Sum

Mrs Jones is 65 and has a property worth £750,000 with no mortgage. She takes out a cash lump sum lifetime mortgage of £100,000 with an interest rate of 3.89%*. The overall cost for comparison is 4% APR. The interest rate is fixed for life and is added annually.

Mrs Jones dies 15 years later, by which time the total loan is £177,258. That’s the original £100,000 loan plus the accumulated interest. If her house had increased 1% in value per year, it would be now worth £870,727. When the house is sold and the loan repaid Mrs Jones estate will receive £693,469.

*the actual rate available will depend on your circumstances. Ask for a personalised illustration.

Roll-up Drawdown

Mr Phillips is 65 and has a large detached property worth £300,000. He takes a drawdown with an initial lump sum of £20,000 and a cash facility of up to £80,000 available for up to 15 years. The interest rate is 5.5%* and the overall cost for comparison is 6.2% APR. The interest rate is fixed for life and added annually.

5 years later Mr Phillips needs an additional £10,000. He dies 10 years later, by this time the amount borrowed is £30,000. The total loan plus interest that must be repaid is £47,394. If Mr Phillips had taken the full £30,000 in one lump sum at the beginning, the total loan and interest would be £51,487.

* the actual rate available will depend on your circumstances. Ask for a personalised illustration.

What our clients say about us

May I compliment you on an excellent professional service. Samantha was courteous, considerate, professional and extremely helpful! I would not hesitate to recommend you to anyone. Please pass on my sincere thanks to everyone involved. – Mrs. S Horner, Caersws

All your staff are “super”, but I would like to especially mention Becky. She dealt mainly with me. She is a credit to your firm. Nothing was too much trouble, no query too small for her to deal with. She has been like a good friend to me being on my own having lost my husband at the beginning of the year. Becky has made things as trouble free as she possibly could. Yes I would recommend anyone, be it friend or neighbour, to your firm – Mrs Lunn, Bournemouth