Why choose Gale and Phillipson?
You can unlock tax-free cash from your house to provide a better retirement. However, equity release has costs associated with it, and these costs can be expensive. Your home will need to be valued, and you’ll need to pay for the equity release advice that you receive from your professional advisers.
Our advisers are here to help you make an informed decision and will tell you straightaway if equity release is right for you.
Our financial advisers have relevant equity release qualifications and will work with you to review your situation. Gale and Phillipson understand that taking out an equity release scheme is not simply raising some cash. This is an important financial decision that will affect you for the rest of your life. So, our advisers will work with you to make sure you know exactly what you’re getting into before you rush into making a decision.
We are also proud to be a part of the Equity Release Council, which promotes high standards of conduct and practice in equity release advice and provision. See our profile here.
Use our equity release calculator and receive an immediate indication of how much equity you could release.
- There are two types of equity release schemes, Lifetime Mortgages, and Home Reversion plans. This calculator solely relates to lifetime mortgages. Gale and Phillipson does not provide advice in respect of home reversion plans.
- It is important to understand the features, costs and risks of a lifetime mortgage. It’ll reduce the amount of inheritance you can leave, and may affect your tax position and access to some benefits.
- The amount shown is only an indication and is not guaranteed. The actual amount you may be able to release will depend on a range of factors, including age, health, property value, and property type.
- It may not be advisable to borrow all the money available.
- Any outstanding mortgage or loan secured on the property will need to be repaid using the proceeds of the release, and therefore you will receive less than any figure indicated.
- With some lifetime mortgages you may be required to make monthly payments. Your home may be repossessed if you do not keep up the repayments secured on the property.
- The calculator does not take into account your own circumstances, you should always seek professional advice.