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London-based Concise Finance has launched a new equity release service aimed at people in retirement who want to purchase a holiday home, help their children get on to the property ladder, or pay off existing debts. It is also aimed at people pre-retirement who want to release equity as their existing mortgage is still outstanding.
Find out more at https://www.concisefinance.co.uk
The newly launched service is designed to help people quickly access their home equity in a bid to free up cash. With the current economic situation, many homeowners are taking advantage of low interest rates to refinance, remortgage, or up-size their homes.
Releasing equity can help towards the cost of a dream holiday, motor home, home improvements, supplement an existing income, reduce debts, or manage an estate or inheritance tax bill. The specialist team behind Concise Finance can also help people with holiday homes or permanent homes based in Spain.
Many people can only access equity once they are over 55, but Concise Finance can also help people under. Lifetime mortgages are one of the most popular options for those aged 55 or over. In this scenario, people borrow some of their home’s value at a fixed or capped interest rate.
A home reversion plan is another option to gain access to equity. This process sees the homeowner sell part or all their home to a home reversion provider, either in exchange for a lump sum, or a regular payment. This option enables people to live rent free in their property until they die, but it must be maintained and insured.
A company spokesperson said: “At Concise Finance our customers are our main priority. We take the time to speak to each client to establish which form of home equity release is best for them based on their current situation and circumstances, as well as their long-term goals.”
To find out more, interested parties are invited to visit the website provided.
Release ID: 88968856