Equity release

The roof over your head could become your retirement income.

One of our developing specialist areas is helping clients realise funds from their property, which usually means their house. Commonly known as ‘equity release’ or a ‘lifetime mortgage’ such plans can make a significant contribution to your retirement income. But it’s important these complex and sensitive matters are handled by a properly-qualified firm.

In the past, equity release has attracted some negative publicity, mainly because it was sold, amateurishly, to inadequately-informed borrowers. Recent regulation means that only firms like ours, that are regulated by the Financial Conduct Authority, are permitted take on this kind of business. And, because we only deal with lenders approved by the Equity Release Council, clients can be confident that only the most appropriate products are offered.

One important protection for clients is our ‘no negative equity guarantee’ meaning that the loan will never exceed the value of the property, and so no debt will ever be left to the estate. Because equity release will always affect the size of a client’s estate we prefer to conduct this type of business face to face and try to get the family involved.

Equity release is a viable solution for retired people who are long on property but short on income. It just needs handling professionally.

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Logic Wealth Planning Limited is Authorised and Regulated by the Financial Conduct Authority. Registered in England and Wales number: 4206195. Registered Address: 18/19 Salmon Fields Business Village, Salmon Fields, Royton, Oldham, OL2 6HT. Trading address: Sigma House, 9 Southgate, Cross Street, Off Green Lane, Heywood, Greater Manchester, OL10 1ND. Telephone: 0808 1234 321.