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100% Equity Release
Couple in Detached House
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Open-market valuation £750,00
Spouses' age Male - 74, Female - 72
Full equity release £330,000
Typical owners' solicitor fees £1,750
Total cash sum released £328,250
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50% Equity Release
Single Male in 95-year lease flat
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Open-market valuation £200,000
50% market valuation £100,000
Single owner's age Male - 76
50% equity release £55,000
Typical owner's solicitor fees £1,000
Total cash sum released £54,000
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how it works crown
equity release
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Equity
release allows owner-occupiers over the age of 60 to
sell all - or part - of their homes in return for a
lump sum or a series of payments. With equity release
there is no set repayment date or monthly loan repayment
installments, instead in addition to the released cash
the occupiers can continue to live in the property rent-free
for the rest of their life, with the same secuirty of
tenure as if they still owned the property outright.
Of course you have the option of moving to an alternative
property of your choice at any time.
On the death of the surviving partner, the property
is sold and the proceeds are split proportionately between
the investor and the tenant's estate.
The case studies on the left hand side illustrates how
a couple can benefit from 100% equity release and a
single male can profit from a 50% equity release.
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