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Guide to releasing equity

Homeowners looking to release the equity in their properties can get expert advice and guidance before doing so with a free booklet on the subject from Horsham-based firm of Chartered Financial Planners, Square One Financial Planning LLP.

Entitled ‘Equity Release’, the eight-page booklet is available to download for free from the company’s website at www.squareonefinancial.co.uk

and is offered as an impartial guide to those considering unlocking the value in their home.

The booklet explores the equity release methods available to the homeowner, such as downsizing, home reversion and equity release mortgage, and discusses the advantages and disadvantages of each option.

The publication of this booklet coincides with Square One’s launch of CareSure, a new service to assist the increasing number of individuals and families self-funding their own long term care.

CareSure works closely with solicitors, estate agents, and care providers, to advise the UK public on the best methods to pay for their long term care.

With the decision to release the equity in a property being a life-affecting one for the majority of people, the booklet also offers guidance on the possibility of using the funds to supplement income, either through annuities, investments or a drawdown equity release.

Above all, the booklet aims to arm Sussex-based homeowners with all the details they need to be able to make an informed decision over the whys and wherefores of equity release, through independent advice and guidance from the county’s leading financial planning experts.

John Kelly, Partner at Square One and CareSure, commented: “Equity release is a big decision that shouldn’t be entered into lightly, or without a little research as to the most appropriate methods for you. The recent economic downturn has seen a rise in the number of clients coming to us for advice on equity release and we hope this booklet will serve to answer any questions that local homeowners have on this subject prior to them going down this route.

“This money can only be used once, so getting it right is essential to the success of your finances now and in the future. ‘Equity Release’ explains all the options available, their main benefits and their possible drawbacks. Anyone considering going down this route simply can’t afford not to read it.”

‘Equity Release’ can be downloaded from www.squareonefinancial.co.uk, or is available as a hard copy by calling Square One on 01273 921990.

 

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