It’s become a classic conundrum! You may find yourself in a position where you need capital in order to supplement your income, take a holiday, help your children, pay for care, purchase a property abroad or simply raise some cash to spend as you wish.
The trouble is, your main asset is your home and you can’t spend bricks and mortar! One option of course is to simply downsize however this is not always desirable, practical or possible.
An increasingly popular method of releasing cash from your property is via an Equity Release arrangement. This covers a variety of methods which offer security, guarantees and protection to borrowers for the remainder of their lives. The Wealth Care Partnership provides independent advice on Equity Release schemes, selecting the most appropriate one for your circumstances. We always ensure you are aware of the potential pitfalls as well as the benefits of Equity Release and use only those lenders who are members of the Equity Release Council (ERC) (previously Safe Home Income Plans (SHIP)).