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Age Cyrmru is the new force combining Age Concern Cymru and
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Equity release is a way of raising money against the value of your home. It is vital to take independent financial advice before signing up to a scheme, to make sure you consider all the possibilities and implications.
You may have started to think about how you will manage financially in the future. If you own your home and have little or no mortgage, you may be considering equity release as a way to boost your finances. You borrow money against the value of your home, but pay nothing back until your home is sold – either after your death or if you go into a care home.
Equity release is a big decision and might not be the best or only solution. Start by thinking about other ways to raise money – perhaps by moving to a smaller property or checking you’re claiming all the benefits you’re entitled to. Ask yourself important questions – if your circumstances change, will it affect your ability to move? If you receive benefits, what will the impact be? If you have children, how will they feel about it? Most importantly, take independent legal and financial advice before deciding to release equity from your home.
Our guide Equity release has more information, including different types of equity release plan and how to avoid risk when choosing one. Our factsheet Equity release provides even more detailed information.
Use our online benefits calculator to help you find out whether you’re claiming all the benefits you’re entitled to.
IL6 Equity Release Guide - March 2011 (PDF 631KB)
FS65 Equity Release - October 2011 (PDF 234KB)
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Downloads
A download is a document (like a research report, a leaflet, or an application form) that can be transferred from our website to your computer. You can download a file, view it on your screen, print it, or save it to your computer.
PDF stands for ‘portable document format’.
Most downloads on this website are PDFs. We use this format to ensure that the document looks the same on everyone’s computer (website pages, by contrast, appear differently depending on how people have got their computer set up).
Computers use a program called Adobe Acrobat Reader to download PDFs. If you try clicking on a link to download a PDF and it doesn’t work, you will need to install Adobe Acrobat Reader onto your computer.
The process is quite straightforward and is free.
PDFs cannot be changed. If you need to be able to type into a downloaded document (for example, if we are offering a letter template that you need to put your name on) we will provide it as a Microsoft Word document rather than a PDF. You can then download it, type into it and save it to your computer.
Downloads will open on your computer in a new browser window.
Inside this window (below all your web browser menus), there will be a toolbar with options for you to print or save the document.
Close the browser window to return to the Age UK website.
We have made every effort to make our PDFs accessible to screen readers. Here is an overview of your accessibility options available in Acrobat Reader. Please ensure that you have downloaded the latest version of Acrobat Reader from the Adobe Reader website to ensure that they are included in your version of the programme.You can use Adobe Reader to read a PDF out loud with the following shortcut keys:
You can also convert a PDF into a web page by following these steps:
You can convert a PDF document into a text file for use with other software and hardware such as Braille printers by opening the PDF and choosing ‘Save as text’ from the File menu.
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