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Equity Release


Make life more comfortable by releasing the value of your home, without the need to move.
 

 

Asset rich but cash poor? This is a common problem among home owners who have spent years paying in to their homes. But sometimes this money could be a much more use as cash. Equity release allows homeowners to access this money without having to sell the home.

 

• Access the money tied up in your home

• Peace of mind from plans that are endorsed by The Equity Release Council 

• Tax free cash that can be used for any purpose

• Support your chosen charity, with a donation from Bowers

 

advant~age has partnered with Bower Retirement Services; an impartial equity release specialist  that  helps people to release equity from their homes, tax-free. Bower offer whole of market advice, meaning that they have access to all of the UK’s equity release providers, and choose to only offer equity release schemes covered by the Equity Release Council’s (formerly Safe Home Income Plans or SHIP) Guarantee.

                                          
                                               

Free initial no obligation consultation 

To help you find out more about equity release, we offer a no obligation initial  consultation which is free of  charge. There is absolutely no pressure and no obligation to proceed with a plan. We simply want to help by answering your questions and letting you know what’s involved.


To book yours, call us today on 0800 710 1447

Equity Release FAQ's


How does Equity Release work?

Here are two examples:

• £200,000 with no mortgage or debt remaining
Your equity = £200,000

• £200,000 with £60,000 worth of mortgage repayments remaining
Your equity = £140,000

Equity release payments can be paid in one single tax-free amount or via regular monthly payments. There is no restriction on how you spend this money however you must be 55 or over to apply.


Equity Release Calculator

Try our free equity release calculator to find out how much you could unlock from your home safely and tax free.

Do I qualify for Equity Release?

If you own your own home, it’s worth more than £70,000 and you are aged 55+ then potentially yes, you do qualify.

Is Equity Release Safe?

Yes. Via Bower we only recommend plans endorsed by The Equity Release Council, formally Safe Home Income Plans (SHIP) or those that offer the same guarantees. This means you get a whole set of guarantees including staying in your home for life and never leaving any debt to your loved ones.

Who are the Equity Release Council?

The Equity Release Council is the industry body for the equity release sector. Born from an expansion of the remit of SHIP (formerly Safe Home Income Plans) the Equity Release Council represents the providers, qualified financial advisors, lawyers, intermediaries and surveyors who work in the equity release sector. Please click here to find out more about the Equity Release Council and their Statement of Principles. 

What can I use the cash for?

The cash is tax free and can be used for any purpose: home improvements; helping your family; holidays; paying off a mortgage or loans; a new car: covering the bills: whatever you need it for it’s up to you how you spend it.

Will I lose my home?

No. Providing your lifetime mortgage or home reversion plan is endorsed by the Equity Release Council or offers the same guarantees then there’s absolutely no danger of losing your home. Bower only recommends plans that offer these guarantees.

MR & MRS PARRY: BUCKHURST HILL said: "The procedure was made easy to understand and the legal safeguards fully explained. We have no regrets whatsoever and your family is equally satisfied."

This is a lifetime mortgage or home reversion plan. To understand the features and risks, please ask for a personalised illustration. Bower Retirement Services is Authorised and Regulated by the Financial Conduct Authority FS Register No: 451607.

Why Bower?

Why Bower Retirement Services is a well-established and trusted provider of equity release advice.

Respected for QUALITY OF ADVICE:

• Recommended by Solicitors and Financial Advisers
• Award winning advice well known throughout the industry for being thorough and comprehensive
• Highly knowledgeable advisers carefully chosen for their long term experience and expertise in the field of Equity Release

Whole of market INDEPENDENT advisers

• Access to every equity release provider on the market so we can source a plan to suit your specific needs
• Preferential offers and rates
• Ability to source plans that deal with special circumstances such as unusual properties and health conditions

PERSONALISED ADVICE in the comfort of your own home

• Friendly advisers offer appointments in the familiarity of your own surroundings at times to suit you
• Family members welcomed to all appointments if desired

Fully PERSONALISED REPORT & Entitlements Analysis

• Your own fully personalised report setting out our recommendations and reasons for them
• Checking to see whether you are receiving all entitlements due
• Suggesting alternatives to equity release so you have the chance to properly consider all your options.

PEACE OF MIND

We place great emphasis on making sure our customers are treated fairly and receive the level of service they deserve. All our cust

omers are afforded peace of mind in dealing with an award winning Equity Release Specialist.

FREE INITIAL NO OBLIGATION CONSULTATION


To help you find out more about equity release, we offer a no obligation initial consultation which is free of charge. There is absolutely no pressure and no obligation to proceed with a plan. We simply want to help by answering your questions and letting you know what’s involved.


                                                       

 

To book yours, call us today on 0800 710 1447


Equity release may involve a lifetime mortgage or home reversion plan. To understand the features and risks, please ask for a personalised illustration. Bower Retirement Services is Authorised and Regulated by the Financial Conduct Authority FS Register No: 451607. Bower provide initial advice for free and without obligation.

Equity Release Calculator
Try our Free Equity Release Calculator to find out how much money you could unlock from your home safely and tax-free!

Keep up to date with the latest news and advice on equity release by visiting our blog.






About Bower Retirement Services
Bower Retirement Services are an award-winning equity release specialist covering the whole of the UK with impartial face to face advice and free home visits. Bower is authorised and regulated by the Financial Conduct Authority (FCA)  to provide independent  advice on equity release products from the whole market. Winners at the 2009 and 2011 SHIP Equity Release Awards, Bower customers are guaranteed to receive the very best equity release advice.


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