Equity Release Schemes
There are two main types of equity release schemes currently available:
Each type of equity release scheme can help you make the most out of your retirement by releasing equity from your home to spend entirely as you choose. Most schemes offer no monthly repayments to make in your lifetime. All equity release schemes recommended by Pacific Financial Services (North West) are designed to offer a set of guarantees to ensure your safety:
- Stay in your home for as long as you want
- Move if you wish (subject to provider criteria)
- A no negative equity guarantee so the amount owed will never exceed the value of your home
A wide choice of equity release schemes
Our process is designed to provide you with details of the differences between each type of scheme and to help you choose from the range available, to help you with your retirement planning.
We only ever recommend equity release schemes which have been approved by SHIP (Safe Home Income Plans) which means that every equity release scheme we recommend meets the strict standards set by SHIP, designed to ensure your safety.
Home reversion plans and lifetime mortgages are complex products. To understand the features and risks, ask for a personalised illustration.
There will be a fee for Equity Release advice. The precise amount will depend upon your circumstances, but we estimate it will be £395.00. You have the option to pay us a fee and receive any commission which we are paid by the lender/company that buys your home. If you choose this option, we estimate that the fee will be £995.00.
| 
