Equity Release for Debt Management

Clear Existing Debt

Free yourself from the stress of debt

Debt can be a terrible burden – certainly one you don’t need when you should be enjoying your life and leisure time.

Getting into financial control when you find yourself owing money can be a lengthy process and often entails years of strict budgeting, limiting your lifestyle and taking away some of the joy that comes being with friends and family.

Unfortunately, debt rarely goes away without hard work – which is why equity release can provide the funds you need to get back into full control, letting you remember what it’s like to spend your money in the way you want.

A real-life example

Ian and Margaret took advantage of the equity in the home in 2016 and haven’t looked back.

“Life wasn’t about us anymore, it was just about making sure we could make our monthly payments.”

The company Ian worked for shut its doors 2 years before his retirement, leaving him one of hundreds unexpectedly out of work.

“It was an awful time, without the usual money coming in we had to use credit cards and loans to get us through. The amount we owed quickly added up.”

When the couple approached their bank they were told their age limited the amount they could borrow, so they looked into equity release instead.

“We were worried that because we had limited options we’d be taken advantage of, paying over the odds. When we met with an advisor we were very pleasantly surprised, rather than being told what we could do, they showed us a range of plans – and we were given the time to take the information away and discuss it with our family.”

Ian and Margaret opted for a flexible lifetime mortgage – allowing them to pay off interest while releasing a sum that got them free from the binding debt they owed. It’s given them enough to lead a more fulfilling life – and keep some aside to leave for their children.

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Equity release – the facts

It’s important that you fully understand equity release before committing to a plan. It’s also important that you consider all your choices – people sometimes choose to downsize their home or access savings rather than release equity.

We recommend plans that meet Equity Release Council approval – meaning you benefit from guarantees around the right to stay in your home and are protected against negative equity.

Equity release can change the value of your estate and can therefore affect entitlement to means-tested benefits.

The most popular kind of equity release is a lifetime mortgage; a loan secured against your home which typically has no monthly repayment. Instead, the loan accrues interest – and is repaid when your plan ends.

What’s right for you?

If debt is a problem you’d like to solve, let us talk to you about how equity release could help. We promise no jargon or pressure – just an understanding discussion about your situation and details of plans that might suit you. Click here or call us on 0333 360 1958 and take the first steps toward being debt free.

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Our Success Stories

What our Customers say About Us

“We just wanted to be able to stay in our home for some years to come and the local advisor from Equity Release Scotland was very helpful and understanding. We now feel very comfortable that we can afford stay in our home for the foreseeable future and have options further down the road.”

Mr & Mrs Davidson

Glasgow

“What a relief, our mortgage and debts repaid, one easy monthly payment which we can afford and the option to stop paying that in the future if we choose’ . The process was smooth and everything was clearly explained to us. We had lots of questions but our adviser was always available to answer any concerns we had....thanks a million”

Mr & Mrs Curran

Edinburgh

Our Guarantees

Why You should always choose a product from a lender approved by the Equity Release Council

Guarantee 1

equity release council logo approvedYou have the Right to Remain in your Home for as long as you choose

Guarantee 2

equity release council logo approvedYou will NEVER owe more than the value of your home due to the "no negative equity" guarantee.

Guarantee 3

equity release council logo approvedYou have the freedom to move to another property without financial penalty (subject to provider criteria)

We are here to help you

To Provide Friendly, Efficient Advice For The Life Of Your Mortgage.

Free Equity Release Guide

Looking to release some cash that is tied up in your property? Get Your FREE Guide here

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Contact Us

0131 644 3664

You can contact us by calling 0131 644 3664 or 0333 360 1958 or using our contact form

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How Much Can You Release?

Use our Equity Release Calculator to find out how much cash you can release

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