We collaborate closely with a select group of recommended and expert business partners.

Equity Release

Equity release is a specialised financial service that requires expert guidance and tailored solutions. That's why we work closely with a carefully selected network of recommended and experienced business partners in the field of equity release. With our clients' agreement, we connect them to these trusted professionals who possess the knowledge and expertise to navigate the complexities of equity release effectively. Here's why you can trust Roff Financial to guide you through this process:

  • Expertise: Our recommended partners are specialists in equity release, with years of experience and in-depth knowledge of the market.
  • Tailored Solutions: Our partners provide personalised solutions that meet the unique needs and circumstances of each client.
  • Transparency: We prioritise transparency in all our dealings, ensuring that our clients fully understand the terms and implications of equity release before proceeding.
  • Ongoing Support: From initial consultation to finalising the release, our partners offer continuous support and guidance, making the process seamless and stress-free.

At Roff Financial, we're committed to helping our clients make informed decisions about their financial future, and our partnership with trusted Equity Release experts reflects that commitment.

What is equity release?

Equity release refers to financial products that enable homeowners, typically those aged 55 and older, to access the equity tied up in their property without having to sell it or move out. This can be achieved through two main types of equity release schemes:

  1. Lifetime mortgages: This is the most common form of equity release in the UK. With a lifetime mortgage, homeowners borrow against the value of their property, either receiving a lump sum or regular income payments. The loan, plus interest, is typically repaid when the homeowner passes away or moves into long-term care, with the repayment usually coming from the sale of the property.

  2. Home reversion plans: In a home reversion plan, homeowners sell part or all of their property to a provider in exchange for a lump sum or regular payments, while retaining the right to live in the property rent-free for the rest of their life. When the property is eventually sold, the proceeds are divided based on the ownership percentage.

Equity release can provide retirees with a way to supplement their income, fund home improvements, or support their lifestyle in retirement. However, it's crucial for individuals considering equity release to seek independent financial advice and carefully weigh the potential advantages and disadvantages, as it can impact eligibility for means-tested benefits and may reduce the inheritance left to beneficiaries. Additionally, equity release products in the UK are regulated by the Financial Conduct Authority (FCA) to ensure consumer protection and transparency.