Expert advice on equity release.
Many people in or approaching retirement find themselves in a position where they are asset rich but income poor. Although they may have repaid their mortgage, they may not have sufficient pension income and find themselves less able to enjoy their retirement. Releasing the equity in their biggest asset, their home, maybe an option worth exploring in this case, rather than downsizing to a smaller property.
What is Equity Release?
Equity Release provides an income, a lump sum, or both, to be enjoyed as you see fit. It can help to provide you with the necessary funds to supplement your income or cover larger one-off costs. It could also be an ideal option if you want to give your family a “living inheritance”.
Equity Release may affect your entitlement to some state benefits and the value of your estate may be reduced. That is why it is important that you seek advice from a qualified adviser. Prydis offer a free, no-obligation meeting to discuss your circumstances and needs with one of our advisers.
What can you expect from Prydis?
Prydis Wealth is a member of the Equity Release Council and has independent, specialist advisers who can recommend the most suitable solution from the equity release products available.
With in-house experts spanning multiple legal and financial disciplines, Prydis will take into account all the relevant legal, financial and wealth management concerns around equity release when advising you. We will consider your income needs, tax position, your will, provision for long-term care should your health deteriorate, together with any inheritance you may wish to leave.