Update Magazine Issue 953

Page 71

71 General

Unlock Tax-Free Cash with a Fixed-Rate Lifetime Mortgage If you’re 55 or older, a fixed-rate lifetime mortgage can provide tax-free cash for a range of needs, including: Enhancing your home with renovations or upgrades. Paying off an existing mortgage or other debts. Protecting yourself against interest rate increases. Helping loved ones get a foot on the property ladder.

Equity release requires paying off any existing mortgage. Any money released, plus accrued interest to be repaid upon death, or moving into long-term care. As multi-award-winning equity release specialists we provide informative advice covering your options as well as explaining how equity release will affect potential inheritance and how your entitlement to means-tested benefits could be affected now or in the future. With a lifetime mortgage, you keep ownership of your property and typically make no monthly payments. And with a fixed interest rate, you’ll have peace of mind knowing your interest rate won’t go up over time.

This is a lifetime mortgage or home reversion plan. To understand the full features and risks, please ask us for a personalised illustration. Initial advice is provided at no cost to you and without obligation. Only if you choose to proceed and your plan completes, would a typical fee of £1,495 be payable

To find out more, or arrange a free meeting with your local equity release

Bower is a trading Bower on Retirement Limited expert, just callstyle PaulofTresise 07710 471 134 orand is Authorised and Regulated by the Financial Conduct Authority. Financial Servicesnow. Register Number: 451607. email Paul.Tresise @BowerHomeFinance.co.uk

S/CF/BR/P148/FP (24/23)

Next Steps

Arrange a free no obligation meeting with your local equity release expert, call Paul Tresise on 07710 471 134 or email Paul.Tresise@BowerHomeFinance.co.uk

Warming Up The Homeless sponsors this issue of Community Update, see them on page 66


Turn static files into dynamic content formats.

Create a flipbook

Articles inside

Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
Update Magazine Issue 953 by communityupdatemagazine - Issuu