Use this diagram to see whether or not you would be eligible for equity release, simply follow the statements and answer YES or NO to the questions provided. This will dictate whether or not you should progress and look into getting equity release with ONE Billsaving. But what is Equity Release?
What Is Equity Release?
Equity Release allows you to generate cash from the value of your home in the form of a tax-free lump sum or by drawing smaller instalments as and when you need them. The cash can be spent on anything you want without restriction and there is no interest, rent, etc for you to pay during your ownership of the property.
How Does Equity Release Work?
The cash comes from either mortgaging or selling a proportion of your home, the latter known as home reversion, whilst retaining the right to live there as long as you want. The mortgage version is a Lifetime Mortgage, which is paid-off, together with the accrued interest, when your home is sold.
The home reversion option means that the ownership of your home is split between you and the home reversion company and the eventual proceeds are split in those proportions (unless you sell 100%).
Why Choose ONE Billsaving?
Here at ONE Billsaving we do the leg work. We take a look at multiple bills you could be overpaying on or bills where you are simply not getting what you are paying for, all in one FREE no obligation review. You have nothing to lose and potentially a lot to gain. You can fill out our straight forward Online Form in a matter of seconds, this gives some of your basic information and lets us know when its most convenient to discuss your monthly outgoings. Visit our website today and we can take a look at your: Broadband/landline life insurance, critical illness cover, income protection, contents insurance, gas and electric, mobile and equity release. Get peace of mind today. Our only aim is to find you the best deal possible on all of these monthly outgoings and making it as quick and easy as possible.