Blake and Day – Equity Release

Blake and Day Independent Financial Advisors helping to explain Equity release, and  how it can help you to unlock cash from the value of your home.

Financial freedom in later life can help you in a number of ways – renovating your home, helping your children, or simply supplementing your income – equity release is designed to help.

The type of equity release we offer is a lifetime mortgage. It’s a long-term loan on the value of your home, which is repaid, usually from the sale of your home, when you (and your partner, for joint lifetime mortgages) die or need to go into long-term care, subject to our terms and conditions.

Entering into a lifetime mortgage will reduce the amount of inheritance you can leave behind. It may also affect your tax position and eligibility for welfare benefits.