Clark Residential

Are you a retiree who wants to have some extra cash to repay your loans? Or do you just want to have some extra cash to spend it any way you want to? If so, you can consider getting an equity release plan. What is then an equity release and how will you get some extra cash out of it? An equity release is receiving some money from the value of your home with no need of making monthly payments or moving out of your home. The cash is derived from the equity or the cash value of your home less the current balance of the loans you have secured on your home. The nice thing about equity release is that you don’t have to pay anything during your lifetime and you don’t have to move out of your home. You can remain in your property as long as you want. Payment of the equity release loans only starts upon your death or when you decide to move out of your home.

If you are interested in applying for an equity release plan it is wise to get an equity release advice from the experts. At Expert Equity Release you are assured that they will be giving you an expert, sound and professional advice regarding your options when applying for an equity release. They will make sure that you will be getting the most of what you have in your retirement. The people at Expert Equity Release will explain extensively how equity release works and which equity release scheme works for you. They will help you go about in the application and will provide you with a solicitor if you don’t have one yet. Interested applicants are guaranteed that all the equity release providers recommended by Expert Equity Release are all member of SHIP (Safe Home Income Plans). SHIP is an organization aimed at protecting the planholders. The plans recommended by Expert Equity Release include a “No Negative Equity Guarantee”. The planholder will not be getting a loan that is more than the value of his property; therefore, it will not leave a debt on the planholder’s estate upon his death.

Interested applicants can choose from three different equity release schemes. They can choose the best scheme that fits them. The schemes are the Lifetime Mortgage, Drawdown Plans and Home Reversion Plans. The people of Expert Equity Release are always ready to help you every step of the way and they guarantee that you will get the best scheme that matches your needs and way of living.