Equity release and long term care
Equity Release
If you are in your mid 50's or older you might have paid off your mortgage, or be close to doing so. The value of your home may have risen a lot since you bought it, but you might still be short of money to spend, invest or even pay your standard mortgage off. Equity release is a way of raising money from the value of your home.
Here at Anderson Brown & Gollogly we can look at all your options for releasing a part of the value of your home in return for a cash lump sum, or income to spend as you wish.
Your initial consultation will always be free, in order to discuss your financial objectives and help guide you along the path of freeing up some of the value of your home.
This is a lifetime mortgage. To understand the features and risks, ask for a personal recommendation.
Long Term Care
As you get older, health problems may develop, which could make it difficult to cope with everyday tasks. So you might need help to either stay in your own home, or move into a care home.
The state may provide some help towards the cost of this care depending on your circumstances. There are also a number of financial products that can help you pay for long term care.
Here at Anderson Brown & Gollogly we can look at all your long term care options and help to ensure that although your long term health may be a concern, the financing of it will not and you can rest assured that there will be no charge for our initial discussions.