With increasing life expectancies and improved quality of life, people are realising that they have to make pensions and retirement income last longer than ever before. And many people in middle age and later are finding that they are often low in actual cash while being high in asset ownership, especially properties. This is the primary reason why more and more people are considering some form of equity release to unlock the cash value held in their home or other properties. Maxim Wealth Management Ltd offers the best equity release advice in Glasgow, providing you with a tax-free sum or generating regular income. Equity release offers different options, including ‘lifetime mortgage’ and ‘home reversion plan.’ If you want to know more, why not book a free first consultation with one of our professional advisors.
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Equity Release: Benefits and Security
Our UK trained financial professionals have many years of experience in providing advice on equity release plans in Glasgow and across Scotland. We understand that every set of circumstances is different, and we will listen to your needs, analyse your assets, then offer you a tailor-made equity release scheme which fits your plans. People want different levels of either lump sums or income streams, so we will suggest the best equity release plan in Glasgow to you. All our advice is honest, impartial, and professional, and is designed to provide you with both the benefits and security you require.
Equity Release Plans: Lifetime Mortgage or a Home Reversion Plan
There are two main types of equity release schemes in Scotland. A lifetime mortgage is the taking out of a mortgage while still keeping full ownership. You can let the interest accumulate till after your death or make regular payments. A home reversion plan involves selling part or all of your property but still living there rent free. Our experienced team can explain the details of either or both of these options to you. Your first consultation is free, so why not call the office today on 0141 764 0040 and book an appointment.
Enhancing your retirement with equity release is an important decision, and it’s important to have as much information as possible. Our specialists are able to look at your overall finances and help you decide if this is the right option for you.