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Independent Equity Release and Annuities Advice.
Our highly specialised advisers have a wealth of equity release experience as well as giving independent financial advice on annuities. So whether you are looking for advice on equity release schemes or Annuities, we have the knowledge, skill and experience to help.
Retirement Solutions are a firm of Independent Financial Advisers working with individuals and business owners to build, manage and protect their wealth. Our clients come from a variety of backgrounds and have different financial objectives, but all share the common goals of wanting impartiality, professionalism and value for money.
Equity Release Schemes
Many retired pensioners are now turning to equity release as a means of supporting themselves financially in retirement. These equity release schemes allow them to use some of the unencumbered equity in their homes to provide a regular and much needed income. Tax free cash can also be raised to spend on items such as home improvements or a new car. The majority of these retired pensioners start by using an equity release calculator to work out how much equity investment they can draw from their property. equity release schemes
There are two main types of equity release, both of which work completely differently.
Equity Release Mortgages
The Equity Release Mortgage, also referred to as a lifetime mortgage means that:-
- You take out a loan secured against the equity in your home.
- Continue to own the home.
- The mortgage is repaid upon sale of your house
Equity release mortgages are the most common type of equity release and offer the advantage of a fixed rate mortgage, meaning you know at all times exactly how much you will pay back.
Home Reversion Equity Release
The second of the two types of Equity Release is the home reversion:-
- You sell all of or a part of your home to a home reversion scheme provider.
- You will get either a cash lump sum or a monthly income (or both) in exchange.
- You continue to live in the home either until you die or until you move into care, at which stage the provider sells the home to recoup their money.
There are, of course, advantages and disadvantages of both types. At Retirement Solutions, we're committed to providing independent financial advice to help you to make the best decision.
Equity Release Calculator
Use our Equity Release Calculator to find out how much you could potentially release from your home.
Annuities and using Annuity Calculator to find the Best Annuity Rates
You can use the open market option and shop around for the best annuity rates in the market. Our annuity calculator is an easy tool to use to find how much income your pension will provide you in retirement. Annuities let you convert your pension savings into a regular income for life – however, there are alternatives to annuities and the most popular alternative is income drawdown.
You can use our annuity calculator and remember you do not have to buy your annuity from your existing pension provider.
You may also qualify for enhanced annuities based on lifestyle and medical history. Enhanced annuities can be obtained for smoking or excessive alchol drinking as well as for medical conditions or certain medication. annuities
Save for retirement with a SIPP Pension, Transfer or Release an old Pension Scheme.
Making sure that we have enough money for our retirement is the biggest financial challenge most of us ever face. Some are fortunate to have company pensions, others have saved in personal pensions or low cost stakeholder pensions. As we live longer and retirement years increase, solid pension savings become ever more important. SIPP Pensions have become very popular because of the wide range of investments allowed into them. It makes financial sense to review your pension savings and take pension advice on a regular basis and where appropriate pension transfers or pension release can help consolidate retirement income. pensions
Advice on Investments, including Growth and Income Investment Bonds.
As independent financial advisers we understand that for many people, finding the right investment products can be difficult. There are so many different products in the market it all gets very confusing. We start with an investment review of any current holdings you may own such as retirement investments, equity investments, investment bonds or ISAs. After we have conducted this investment review we do our research before recommending the most suitable products. investments
About our Advisers
As well as giving independent financial advice on pensions and equity release schemes we also offer advice on a wide range of financial products, including insurance products, in particular we have an over 50 life insurance plan with guaranteed acceptance. Our advisers are nationwide including Scotland, Wales and Northern Ireland, with offices in all the major cities such as London, Manchester, Leeds, Liverpool, Northampton and Birmingham.
Testimonials from our clients
Hi Wendy,
We've been trying to get round to writing this for a week now, but events kept overtaking us.
Just a note to say thank you so much for all your help with the Equity Release. You made it really easy and hassle free for us. Also we'd like to thank you for referring us to Joanna the Solicitor. We've never dealt with a firm of of Solicitors who made our lives so hassle free when it came to dealing with property issues.
Once again, thank you for all your help and advice.
Best wishes
Andre and Maxine
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Retirement Planning Guide
Latest Retirement News
Equity Release – How much can you raise?
AUGUST 31, 2010
Here at retirementsolutions.co.uk we are asked daily “how much can I raise with equity release“. The answer we always give is: With Equity Release, the amount you can raise depends on your property value and your age, or the age of the youngest applicant, if they are two or more. Read more..
Increase your retirement income with an equity release loan
Sunday 8 August 2010
If you have recently retired and finding it a struggle to cope with day to day living on your current income then you could consider an equity release loan as a way to increase your retirement income. Pensioners often find after a few years into retirement that managing day to day income is a struggle.
Read more..