Enable Finance Ltd. is proud to announce that Equity release mortgages are now available through our advisors via our carefully selected partners and lenders who are all members of the Safe Home Income Plans (SHIP)
Equity release has continued to prosper over recent months and is now helping more and more people who are asset rich but cash-poor. The high standard of regulation and the role of SHIP mean equity release provides consumers with a reliable and secure way to make use of some of the equity locked within their property in order to supplement retirement income.
Former home secretary David Blunkett has advocated the use of equity release as a way of freeing up money in retirement. In a speech to charity Counsel and Care in London, Blunkett says that the responsibility of providing for the older generation should fall to the individual and the family, rather than the government.
He adds: “There is a total of £700bn tied up in home ownership by those in retirement. Through equity release programmes, a proportion of assets could alleviate the need to sell up or to enter residential care by offering the cash needed to sustain the existing lifestyle.”
The equity release market has done a great job to transform itself into a highly customer focused sector within a tightly regulated environment.
For more information about equity release mortgages or to find out how Enable Finance can guide you in the right direction to an quity release solution for you please call 0845 070 2050