Jargon explained

Capital gains tax advice

If when you sell or give away an asset, and it has increased in value, you may be taxable on the 'gain' (profit). If you are thinking of releasing cash from your home, you should seek capital gains tax advice.

Home Reversion

Home Reversion enables you to sell part or all of your home for a tax-free sum or regular monthly income, and gives you the right to live there until your demise. On the death of the individual or the surviving partner, ownership of the home reverts to the company. Home Reversion is a form of equity release plan.

If you are interested in a Home Reversion Equity Release plan, we can refer you to a recommended provider. We also have another scheme called Find & Afford, which enables you to move to another property with a lifetime lease, whilst releasing capital for your retirement.

Inheritance Tax

A tax on the value of ones assets when he or she dies. The current Inheritance Tax is 40% and applies to any amount over £300,000. This is paid from the deceased's estate.

Lifetime Lease

A Lifetime Lease is a legal contract giving you the right to live in your home until your demise.
Lifetime Mortgage

Lifetime Mortgage is a type of mortgage that takes out a loan secured on your property to either provide either a cash lump sum or an income for life. A Lifetime Mortgage is a type of equity release plan.

If you are interested in a Lifetime Mortgage Equity Release plan, we can refer you to a recommended provider. We also have another scheme called the Lifetime Lease, which enables you to move to another property, whilst releasing capital for your retirement.