Debt Help

Our debt advisors can help you get out of debt and ease your financial problems with our range of debt solutions tailored to you and your unique circumstances. DebtHelp could help you write off upto 75% of your debt, helping you become debt free within 12, 36 or 60 months. Our debt solutions are designed to take the strain, with our experienced debt advice team dealing with creditors on your behalf, looking at ways that you can reduce your monthly payments.

Equity Release

Description

Equity Release schemes provide an option for releasing capital from your home without having to move or make additional mortgage payments.

Eligibility

Equity Release Mortgages are usually available to applicants between the ages of 60 and 85. You may be struggling to meet current repayments to creditors due to a lack of disposable income possibly as a result of redundancy or retirement.

Advantages

  • Releasing a cash lump sum from equity within your property enables you to settle outstanding debt with your creditors
  • For as long as you remain in your property you do not need to make any repayments on your loan

Disadvantages

  • The Equity Release Mortgage is secured on your home and is repayable from the proceeds from the sale of your home which will reduce any inheritance to next of kin
  • The legal charge secured on your property is normally calculated as a percentage of its current market value, hence you will not benefit from price rises on that part of the equity secured in the legal charge