|
If you are over 60 and your house is worth more than £40,000, why not consider releasing the value tied up in your home? You can now have a tax-free lump sum and/or a lifetime income using a Home Equity Release Plan. The major benefit of this type of plan is that the money you release will be tax-free and you do not have to make any repayments whilst living in your home. The loan will be repaid upon death or when you sell your home including the rolled up interest. The following link is provided by the Northern Rock who are one of the market leaders of this type of plan. The link will show you the actual income or lump sum that you could have from your home and provide you with further information about the plan. If you would like us to provide you with a personal quotation or advice then please do not hesitate to contact us by telephone on 01642 670307 or e-mail: ifa@nigelbourke.co.uk |