Equity release

You've worked hard for your home. Now make it work hard for you with The Age UK Equity Release Advice Service, provided by Just Retirement Solutions Limited.

Equity Release allows you to free up cash from the value of your home without the stress of having to sell up and move.

There are two main types of Equity Release Plans available:

• Lifetime Mortgages
• Home reversion plans

Both of these plans will allow you to remain in your home and release cash to use for whatever purpose you want.

With equity release you:  

• have the flexibility to receive a tax-free cash lump sum
• can use the cash for whatever you wish
• will not have to move home
• also have the option to guarantee an inheritance for your family
• have the right to move to another suitable property without any financial penalty, with most plans

No obligation expert advice

Taking out equity release is a major decision, so it's important that you seek financial advice. That's why Age UK are working with Just Retirement Solutions Limited, one of the UK's largest Equity release specialists and leading retirement advisers. With the Age UK Equity Release Advice Service you will get advice and information from a dedicated equity release specialist.

The service offers:

• Fully advised face to face or telephone appointments
• A reduced admin fee of £599 (payable only on completion of your plan)
• Access to a range of carefully selected providers
• Advice on the different types of equity release available
• A state benefits check undertaken to see if there are alternatives to releasing equity or additional benefits which you could be claiming
• Access to an equity release plan with exclusive features including the refund of your valuation fee on the completion of your plan

Just Retirement Solutions advises on equity release plans from providers who are members of SHIP (Safe Home Income Plans) and abide by their strict code of practice.

SHIP is a regulated trade body that helps to ensure the interest of customers.

Advice on Equity Release is provided by Just Retirement Solutions Limited. The exclusive product is provided by Just Retirement Limited.

* If you call the 0845 number you will be dealing with Just Retirement Solutions Limited, which provides The Age UK Equity Release Advice Service. Calls will cost no more than 4p per minute for BT customers. Call charges from other companies may vary and you may want to check this with your service provider. Calls may be monitored or recorded for training purposes.

The SHIP Code of Conduct provides firms with strict criteria that need to be met in order to become a member. The following guarantees have to be provided to customers:

1. To allow customers to remain in their property for life provided the property remains their main residence.
2. To provide customers with fair, simple and complete presentations of their plans. This means that the benefits and limitations of the product together with any obligations on the part of the customer are clearly set out in their literature. It should include all costs that the customer has to bear in setting up the plan as well as tax implications, their position on moving house and the effects of changes in house values on their loan.
3. The right to move their plan to another suitable property without any financial penalty.
4. The right for the customer to choose an independent solicitor of their own choice to conduct their legal work. The firm must provide the solicitor with full details of the benefits their client will receive prior to the completion of the plan. The solicitor only signs a certificate once he or she is satisfied that their client fully understands the risks and benefits of the plan.
5. The SHIP certificate signed by the solicitor is there to ensure clients are aware of the terms and implications of the plan including the impact of equity release on their estate.
6. All SHIP plans carry a 'no negative equity guarantee' This means a debt can never be left to your estate.

Age UK Enterprises Limited receives commission from Just Retirement Solutions Limited of up to 1.5% of the amount advanced under each equity release plan sold, plus a contribution towards marketing support. Your local trading Age UK/Age Concern receives up to 30% of the commission that Age UK Enterprises Limited receives for each equity release plan sold (i.e up to 0.45% of the amount advanced) Surplus net profits raised by Age UK Enterprises Limited from commission are donated to Age UK.

The Age UK Equity Release Advice Service is provided by Just Retirement Solutions Limited. The product with exclusive features is provided by Just Retirement Limited. Both are registered to the office address, Vale House, Roebuck Close, Bancroft Road, Reigate, Surrey, RH2 7RU. Just Retirement Solutions Limited is registered in England no. 5125701. Just Retirement Limited is registered in England no. 05017193. Both are authorised and regulated by the Financial Services Authority.

Age UK is a registered trademark of Age UK (charity no. 1128267). The use of the name and logo Age UK is done so under a licence agreement between Age UK and Age UK Enterprises, its commercial arm and part of the Age UK Group. Age UK Enterprises Limited is registered in England and Wales no 3156159. Age UK Enterprises Limited registered office: Tavis House 1-6 Tavistock Square, London WC1H 9NA. 

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