Equity Release
Is releasing cash from your home right for you? You may like to find out more from our specialist division called "Gateway".
Today, we are typically a cash poor but property rich society. For many people, your home is likely to be your biggest financial asset. It’s often worth much more than any other investments or savings. 
However, getting your hands on this cash to pay for renovations, long-term care or retirement is a major step. It requires selling your home, downsizing or releasing your cash in some other way. There are lots of things to consider.
First off you need to understand clearly what’s involved. Releasing equity is simply the process of making the money in your home work for you, either by giving you a cash lump sum or a regular income. There are many options, depending on where you are in life.
Planning for the future
Consulting a financial adviser before making any concrete decisions is wise. Borrowing against or selling your home is a long-term financial commitment. Some lifetime mortgages add the interest to the amount you owe each year; this will reduce the remaining equity in your home, so if you live a long time or house prices fall, there may be no equity left for your heirs to inherit.
Depending on your financial situation, we can help direct you towards the best option:
· helping you to consider the most appropriate way to generate cash or income;
· highlighting the risks and real costs involved;
· illustrating how the value of your estate will decrease;
· discussing the implications for your family on your death.
If you’re thinking seriously about equity release, we may consider things you haven’t. Why not talk through your ideas and concerns with us today?
It may seem possibly like a good idea, but it can be very complex.
Where could I go to receive honest, balanced, whole of market advice, with no obligation, and could they be trusted?
You may have given thought to the question of equity release, especially if you might be retired, or just over the age of 55, and if you need some more cash maybee as a lump sum, or as a regular income. After all you have paid the mortgage for the last 25 years or more! and now you may like some payback!
It all seems rather confusing, especially if you have dependents you may like to leave your house to, but do you need to leave the whole value of the propertly if you are short of money yourself? What would be the long term situation if you borrowed a small amount for instance? Would you then like a bit more later on? Go on be a devil you may say, and why not?
By looking at the details to the top right of this page you will be able to pick up some good basic details and see the two main types of scheme that are on offer today.
In the UK there are billions of pounds sitting in property, and not helping their owners so perhaps you may like to put a toe in the water, jutst to see if it may be of help to you!
For this type of advice you would need to deal with a specialist adviser, one that does nothing but equity release, as the subject is complex, the providers may change their offerings, and you will need to be aware of any state benefits and such like that you may be entitled to. NOTHING SHOULD BE LEFT TO CHANCE.
Who could offer me this impartial advice?
As Millhaven is an appointed representative of Sesame Ltd, the largest distributor of financial and other insurance products in the UK, and ulitimately owned by Friends Provident, you can rest assured that our specialist advisers in the field of equity release, called "Gateway" will provide you with a spot on service, working to the highest standards of technical knowledge, which comes from working for a large organisation, with very strict compliance. Things have to be done properly here at Sesame, so you can rest assured you will receive the correct advice!
How does it work?
If you would like to look into things further you can send a message to Millhaven via this site, and we will ask your permission for Gateway to call your directly to discuss your situation, and they will get back to you, or you can send a message directly to us at: stuart@slawes.fsnet.co.uk
Or phone 0118 958 6562.
Gateway will contact you, (no obligation of course), to arrange a time to complete a telephone fact find, (as Gateway work over the phone), so is quite easy for you, and gather up all the relevant information they need. They will also discuss alternative arrangement for you so as to offer a balance view, and suggest the possibility of downsizing your home rather than taking out a lifetime mortage etc.
If you think it is possiby a good idea then Gateway will do the research, identify the most appropriate options and make recommendations.
A written report will then be sent to you, along with an appliaction form, and gives you the time to make any decisions in your own time. You may not wish to proceed after thinking about it, and that is no problem, there is no charge at that point, so you will not have lost anything, but at leat you will know more about the subject.
You may of course wish to proceed, but that is entirely up to you.
‘Equity Release’ includes home reversion plans and lifetime mortgages. To understand the features and risks ask for a personalised illustration.
For equity release advice we act as introducers to Sesame Solutions Ltd.
Sesame Solutions can be paid for their advice by commission or by fee which is 1.25% of the total amount released, subject to a minimum of £1450.