More and more people in the UK are starting to use the value built up in their home to help them enjoy a better retirement. Modern equity release plans are more flexible and those backed by members of the trade body Safe Home Income Plans (SHIP) offer a guarantee that you will never owe more to the product provider than the value of your property.
Members of SHIP, which includes Just Retirement, have to comply with a code of practice designed to protect customers.
Equity release enables you to unlock money from your home while you still live there and you do not have to make any repayments until the property is sold either on your death or when you move into care. An equity release plan can provide you with access to cash lump sums, a regular income or both.
To qualify for an equity release plan you must be over a certain age (60 for Just Retirement’s products) and own your property.
Equity release is not necessarily suitable for everyone, so we recommend that you always consult a financial adviser who is qualified to advise on the products.
As it is a lifelong commitment, we also recommend that you involve your family in the decision making process as releasing money from the home will affect the amount that you will be able to leave them when you die. Taking out equity release may affect your tax position and entitlement to state benefits.
Just Retirement’s flexible equity release plan can be used for whatever you want, find out more.
Just Retirement Limited. Registered Office: Vale House, Roebuck Close, Bancroft Road, Reigate, Surrey RH2 7RU. Tel 01737 233296 www.justretirement.com Registered in England Number 05017193. Just Retirement Ltd is authorised and regulated by the Financial Services Authority. Please note your call may be monitored and recorded. Please contact us if you would like this document in an alternative format.