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EQUITY RELEASE
Equity release is a way of unlocking some of the value you have in your home. If you are aged 55 to 95, and own a home worth at least £70,000, you could be eligible for equity release.  

Equity release at a glance

  • Release a tax-free cash lump sum
  • The most popular type of equity release plan is a lifetime mortgage which, like a traditional mortgage, is secured against your home
  • With a lifetime mortgage there are typically no monthly repayments to make as the loan, plus roll up interest, is repaid when the plan comes to an end
  • You will never owe more than the value of your house (with plans that meet Equity Release Council standards) 
  • You can spend the money in a wide variety of ways to help fund a better, more rewarding retirement
  • Equity release will reduce the value of your estate and may affect entitlement to means tested benefits. There may be cheaper ways to borrow money.

 
How can the Family Building Society help?

We've partnered with independent equity release specialists, The Equity Release Experts, offering 100% impartial equity release advice. If you decide to go ahead, the advisers from The Equity Release Experts will search the entire market to find the best plan for your circumstances. In fact, they are so committed to your needs that if they don't think equity release is actually the best option for you they'll tell you.

THE MORTGAGE WILL BE SECURED ON YOUR HOME.

Unless you decide to go ahead, The Equity Release Experts' service is completely free of charge as their usual advice fee of 1.99%* of the amount released would only be payable on completion of a plan, subject to a minimum advice fee of £1,499.

                   

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Family Building Society
Ebbisham House
30 Church Street
Epsom
Surrey KT17 4NL
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