Equity Release In Scotland
Find out how much you could release
What is equity release?
Equity release is a way of accessing the cash tied up in your home without the need to move out. Any money released is paid to you as a TAX FREE lump sum and can be used for whatever purpose you see fit, this could be to make some home improvements, make retirement easier or to help your family financially. Unlike a Mortgage, you do not pay any monthly repayments, when you die your home will be sold and the equity release paid back and any excess paid to your family.
Why choose us?
We are based in Scotland with Scottish advisers and we only deal with Scottish clients like you. If you decide to go ahead we charge a fixed fee of £700, whereas our competitors charge between 2%-3% of the funds you release, this means we are on average £500 cheaper overall. We also give you access to the whole equity release market and guarantee to get you the best rate possible. We offer face to face advice throughout the whole process, you will also always have one point of contact with a qualified adviser who you can contact anytime if you have questions, you will never be passed to a faceless call centre.
How do I qualify for equity release?
There are a few qualifying criteria to meet in order to qualify for equity release. 1) You must be aged 55 or over, if you are a couple both of you must be over 55. 2) You must own and live in the property you wish to release equity from. 3) If you have any existing mortgages or secured loans there must be enough equity to pay those off first. 4) Your property must be in the UK and be worth at least £70,000. 5) Your property must be standard construction and in reasonable condition.
6 Reasons To Choose Equity Release
1) Use the funds to pay off any existing debts or mortgage to help with outgoings 2) Go on holiday 3) Buy a new car 4) Make home improvements or build an extension (which can increase the value of your home) 5) Help family members financially, such as contributing towards a deposit for a new home or education 6) Help make retirement easier with a tax-free lump sum or a regular income
Advantages Of Equity Release
1) You still own your home 2) There is a no negative equity guarantee no matter what happens to house prices 3) You have the right to stay in your home for life 4) You will continue to benefit from any rise in house prices 5) When you die your family will receive any equity left in your property minus your equity release balance 6) You can move home and port your equity release with you if needed 7) Unlike a mortgage or loan, you do not pay any monthly repayments
Start Your Quote Here
I had been considering releasing equity from my property for a while as my house was in need of renovation and I didnt want to commit to paying a loan. I decided to search online and came across Trade Shield who have been excellent every step of the way, they explained everything in detail and secured me a lump sum of £46,000 in a matter of weeks. My builders are about to start and I couldn't be happier with the service I received. Mrs J Crawford - East Kilbride
My wife and I decided to release equity from our home to help our daughter put down a deposit and buy her first house. Our daughter would inherit our house when we die but we wanted to see her benefit while we were still alive. We were massively impressed with Trade Shield from day one, they made the whole process effortless, now my daughter and her family have their perfect home which feels great. Mr L Rutherford - Ayr
OVERALL COST EXAMPLE: Based on a 60 year old in good health with a home valued at £200,000 with no outstanding Mortgage
Phone: 0141 391 5867
Address: 272 Bath Street, Glasgow, G2 4JR
Trade Shield is a trading style of Protect & Effect Ltd who are authorised and regulated by the Financial Conduct Authority, we can be found on the FCA register under number 587812
Registered in Scotland No SC431217. Data protection licence number Z3558865. Registered Office: 272 Bath Street, Glasgow, G2 4JR
Tel: 0141 391 5867