Because it,s your life
16 The Round Meade Maghull Liverpool L31 8DZ Tel: 0800 073 1067 Web: www.yourgoldenage.co.uk Email: enquiries@yourgoldenage.co.uk
Registered office: 16 The Round Meade, Maghull, Liverpool L31 8DZ. Registered in England No. 6227453.
Golden Age Retirement Planning Ltd is an appointed representative of Sage Financial Services Ltd.
Because it
,
s your life
Totally independent professional advice:
Equity Release
Retirement planning
Financial planning
Individual Home Individual Equity Release Plan Individual You
Release your equity
tied up in your home
Golden Reasons for Releasing
Equity in Your Home:
You want to maintain your standard of living
You need a cash lump sum for home improvements
You want more money to enjoy your retirement
You wish to mitigate the effects of inheritance tax
You want to clear outstanding debts
You want to book the holiday of your dreams
You feel that it’s your life and you deserve to enjoy it
You want financial peace of mind during your retirement
Finding the Golden Retirement Plan for You
With so many equity release plans available, sometimes it’s difficult to know where to turn for advice on which one is best for you.
If you feel confused about making the decision whether to release any equity from your home, let us assure you that you are not alone. We are here for you every step of the way. We will make certain that we will advise you about all the options available to you and support you through the whole process of releasing equity from your home.
It is straightforward to find out how much cash you could release from your home, and to arrange an equity release plan – but it is imperative that the plan we recommend for you is suitable for your current circumstances and future plans.
Golden Age specialises in retirement planning and has access to an expansive market, which means we can find a plan that suits your current circumstances, lifestyle and future.
All of our providers are members of Safe Home Income Plans (SHIP). You will receive all of the protection associated with the SHIP
professional code of conduct. This also means that you have the right to live in your property for life or move to a more suitable property without incurring any financial penalties.
Everyone has different needs, and each recommendation we make is unique to each client. Even if some equity release plans appear the same, there are some differences. These may seem minor differences, but they can have a major impact on your life, so take your time to find the most appropriate plan for you.
Lifetime Mortgages
With lifetime mortgages, you retain full ownership of your home.
You could receive a tax-free lump sum, monthly income or both, by way of a loan secured on your home. The cash is yours to spend as you wish.
There are no repayments required until you die or go into long term care. At which point, the loan and accrued interest is repaid. If there is any equity remaining in the property after this it can be passed to your beneficiaries.
If house prices rise, this may actually benefit your beneficiaries as they would be left with any remaining capital. But remember too that if house prices fall there may be nothing left for you to pass on – so it is vital to take independent advice if leaving something behind is important to you.
Raising funds via a lifetime mortgage could also affect your entitlement to receipt of State benefits - we will guide you through your options before making a recommendation.
‘Drawdown’ facilities are now available whereby you could initially release less than the maximum, with the facility to take more in future, as and when you require to. This gives you greater flexibility and means that less interest accumulates than taking the maximum amount at the beginning.
All Lifetime Mortgages are fully regulated by the Financial Services Authority (FSA).
This equity release product may involve a lifetime mortgage or a home reversion plan. If so, to understand the features and risks, ask for a personalised illustration.
Do you qualify?
You must be at least 55 years old to qualify. If there are two of you, the youngest one of you must meet this age. Your home must generally be worth at least £40,000 and be built from brick or stone.
You should usually have paid off your mortgage and fully own your property.
Amounts You Could Release
(If You Are In Good Health)
Age
%
55 56 57 58 59 60 61 62 63 64 65 66
21 22 23 24 25 26 27 28 29 30 31 33
Age
%
67 68 69 70 71 72 73 74 75 76 77 78
34 35 36 37 38 39 40 41 42 43 44 45
Age
%
79 80 81 82 83 84 85 86 87 88 89 90
46 47 48 49 50 51 52 53 54 55 56 57
Home Reversion plans
Home reversion plans involve selling all or part of your home in exchange for a lump sum, income or both.
You can sell all or part of your home and retain the right to live in it for the rest of your life.
If you sell a certain percentage of your home, you can still leave the remainder for your beneficiaries, regardless of how long you live. For example, if you sell 60% of your home 40% will be left for your beneficiaries.
It may be possible to sell all of your home to the reversion company, in return for which, you could generate more money than a lifetime mortgage would give you.
Enhanced rates are available for those in poor health.
Do you qualify?
You must be aged at least 65 to take a home reversion plan.
Your property should be worth at least £80,000 and in a good state of repair.
How much could you release?
As you retain the right to live in your home for life, you will receive only part of the proportion of your home that you sell.
Maximum Release Amounts
(If You Are In Good Health & sell 100% of your home)
Age
%
65
70
75
80
85
90
43
51
58
62
67
73
We understand that deciding to release equity from your home is an
important decision, so we will visit you in your home to listen to
your needs and discuss your options face-to-face
Your equity release plan is chosen specifically because it matches
your needs
There is no rush or pressure for you to make instant decisions
We don’t have call centres, so if you need to call us, you can
contact your own personal adviser directly
We will only ever give you honest advice about if we believe equity
release is the right option for you
We specialise in retirement planning, guaranteeing you expert advice
You will always be treated as we would expect to be treated.
Quality time with your grandchildren
Visit the places you’ve always wanted to go
Financial freedom to enjoy life
Home improvements to create the home you’ve
always dreamed of
Doing the things you love during your retirement
It’s your life
Golden Age Golden Plan Golden Life Golden Retirement
“I spoke with Golden Ageas I needed funds for a knee replacement, so I didn’t have to wait for NHS treatment. Our adviser was superb. He was with us every step of the way and arranged a lifetime mortgage giving me the money I needed for the operation, as
well as funds to replace my old central heating boiler. I also released monies to have some savings to cover any future
emergencies. It's fantastic to be pain free, mobile and warm!”
Mrs. B. from Yorkshire
“I had heard of Equity Release but did not
know much about it. My Golden Agerepresentative was excellent in helping me. I raised the money I wanted to repay my mortgage, buy a new car and subsidise my income
over the next few years. I was also able to put some away for any
future emergencies.” Mrs. Williams,
North Wales “We just did not
realise that this was possible. Now we have our dream holiday home and still have our family home also. This has made
such a difference to our lives. Our adviser was with us every step of the
way and ensured that all went smoothly according to plan”
Mr. and Mrs. T from Cumbria
