RETIREMENT FINANCIAL SOLUTIONS

To turn equity in your home into tax free money

EXTENSIVE EXPERIENCE

With a personal, friendly attitude

Welcome to Equity Associates

Welcome to Equity Associates – a professional company in Essex, specializing in Equity Release and Later Life Financial Solutions.

As an experienced and well managed organization, we understand that delivering our clients requirements and expectations is key to our continued success. Each client is treated with care and individuality they deserve. Using our extensive experience within the Financial Services Industry alongside our personal, friendly attitude Equity Associates strives to deliver the very best tailored solutions for your financial future.

What is Equity Release?

Equity Release is now increasingly used in modern retirement financial planning, with the ability to turn equity in your home into tax free money, whilst retaining ownership of your property.

This has ensured the continued growth of this financial solution in helping clients to achieve their financial goals and dreams through later life financing.

Equity release may involve a home reversion or a lifetime mortgage, which is secured against your property. To understand the features and risks, ask for a personalised illustration. Equity release requires paying off any existing mortgage. Any money released, plus accrued interest would be repaid upon death, or moving into long-term care. Your Advisor will tell you everything you need to know about equity release including the effect on the amount of inheritance you can leave and if your entitlement to means-tested benefits could be affected now or in the future. You only continue to own your own home with a lifetime mortgage.

By releasing a portion of the equity in your home you’ll have money to spend on whatever you wish. It could be holidays, home improvements, buying a new car and/or helping your family with an early inheritance and more.

Repay standard mortgage

New car

Supplement income

Helping the family

Home improvements

Holiday of a lifetime

The Equity Release Journey

1. Introduction

An introductory phone call explaining how we can help, achieve your expectations and give you peace of mind that your dealing with a friendly, professional individual.

2. First Appointment

You can choose to either meet at our offices, the comfort of your own home or even hold the appointment online or by telephone. It should take around an hour, to ensure that we gather all the relevant information necessary. This will enable us to find the most suitable plan on the market for your needs.

3. Second Appointment

We will present our recommendations to you explaining in detail why the plan has been recommended and provide you with a personal illustration which sets out the features and benefits of the plan for you to consider (approximately a 1 hour appointment).

4. Paperwork

When you feel comfortable and wish to proceed with the application, we can submit this to the lender. Your property would need to be inspected by an independent surveyor to check it adheres to the lender’s terms. We have a panel of independent solicitors, who specialise in equity release, who we can put you in touch with. Alternatively, if preferred, you can use another solicitor of your choosing.

5. Completion

You receive the money into your designated bank account, allowing you to achieve your objectives. We provide initial advice for free and without obligation. Only if you choose to proceed and your case completes would a typical fee of £1,695 be payable.

Frequently Asked Questions

Why use Equity Associates Ltd?

Ethos
We pride ourselves on delivering a personal, relaxed yet professional service.

Experience
Our advisers hold a wealth of experience within the financial services sector giving you the reassurance that when being advised on Equity Release it comes from a well-rounded experienced and qualified individual within the financial services sector.

Protection
Having the peace of mind that:

The industry is regulated by the Financial Conduct Authority, with a key objective being protection for consumers and enhancing the integrity of the UK Financial System.
We are members of the Equity Release Council, which is a voluntary body that promotes high standards of conduct and practice.
We, through Equity Release Associates, ensure a high standard of conduct, advise and that best practice is followed.

Price/Service
Being an independent broker we are able to offer the relaxed, personal service that our clients value, but our relationship with Equity Release Associates enables us to provide rates and offers normally only available through corporate bodies.

How much money can I release?

This is based on the value of your home, your age and health. Typically customers can release up to 58% of the property’s value.

Plans from the whole of the market will be considered, the features mentioned and the amounts raised, are subject to the lender’s criteria, terms and conditions. These may take into account the age, health and lifestyle factors in order to provide you with an enhanced amount.

Could the beneficiaries of my estate be liable for money above the value of my property, if I fell into negative equity?

No, all the lifetime mortgage lenders we recommend are members of the equity release council. As such their product come with a ‘no negative equity guarantee’. This means that if your property were to fall into negative equity, any portion which could not be repaid from the sale of the property would not need to be repaid.

Will I still own my own home?

Lifetime mortgages are the most popular form of equity release, which enables you to retain ownership of your property. Home Reversion plans work by selling some or all of your home to the Reversion Provider but these plans are not so commonly used.

What if I cant afford the repayments?

Most equity release plans do not require you to make monthly repayments. Normally the loan is repaid when the client goes into long term care or dies, and the loan is repaid from the proceeds of the sale of the property.

Will I still be able to leave an inheritance to my loved ones?

Some providers offer an inheritance guarantee. This allows you to safeguard a percentage of the value of your home for inheritance purposes.

How can I find out more?

You can call and speak to an adviser for a no obligation chat over the phone, visit our offices or have an adviser visit you in the comfort of your own home.

Later Life Planning Services

Should you wish to discuss the arrangement of Lasting Powers of Attorney or writing a Will, please get in touch. We work with partners who are able to support you in these areas.

By having these discussions now, you can put plans in place and focus on enjoying your life.

Lasting Power Of Attorney

Plan how future decisions should be made for you, should you ever lose capacity.

Will Writing

A will lets you decide how to distribute your estate and assets as you wish.

Contact Us

01206 413 119

Call us today to find out how we could help you.

info@equityassociates.co.uk

Send us an email and we'll get back to you as soon as possible.

Feering, Colchester, Essex

Make an appointment to our offices where we can discuss your options.

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