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Capital realisation from property value
philr_3
Posts: 1 Newbie
My wife and I will both be of retirement age later this year. We both will have various pensions from employments, however, we wish to make a £40 capital purchase for retirement enjoyment. We d not wish to take a loan for this, rather, raise this in some way by offsetting against our home. We have no mortgage, the property would value at around £200k. We are aware of equity release plans, but would like to know about other means such as signing over part of the house value to a financial provider.
Any info would be welcome.
Thank you.
Any info would be welcome.
Thank you.
0
Comments
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We are aware of equity release plans, but would like to know about other means such as signing over part of the house value to a financial provider.
That is equity release. There are variations of a theme but it all falls under the equity release banner.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
you're a little young for equity release0
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Trying to keep it simple...
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We do not wish to take a loan for this.
Then forget it as every such scheme involves a mortgage.0 -
What is happening to your pension lump sums?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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