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01228 882 880
Call Us Now
01228 882 880
FOR INFORMATION ONLY - WHILST WE DO NOT ADVISE ON THIS AREA WE CAN REFER TO TRUSTED THIRD PARTIES SO THAT WE CAN PROVIDE A FULL, HOLISTIC SERVICE TO OUR CLIENTS.
With a home income plan, equity is released through a lifetime mortgage or a home reversion plan and is automatically invested into an annuity that is built into the plan, to generate an income for life. A cash lump sum may be available in addition to an income, but the amount may be restricted.
An annuity is a plan that guarantees a series of payments in exchange for a cash lump sum. The income you receive will depend on prevailing annuity rates, your age at the outset and your gender.
The advantages and disadvantages of home income plans largely depend on whether the money is released through a lifetime mortgage or a reversion plan, however annuities have their own set of pros and cons:
A LIFETIME MORTGAGE CAN QUICKLY ERODE THE REMAINING EQUITY AND AS A RESULT THERE MAY BE NO VALUE LEFT TO PASS ON.
EQUITY RELEASE MAY REQUIRE A LIFETIME MORTGAGE OR HOME REVERSION PLAN. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION.
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FTSE 100 | ||
6859.87 | -140.21 ![]() |
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22108.55 | -382.309 ![]() |
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FTSE 350 | ||
3937.91 | -78.21 ![]() |
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FTSE All Shares | ||
3920.05 | -76.6 ![]() |
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Dow Jones | ||
33835.31 | -242.32 ![]() |
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Nasdaq | ||
13761.714 | -153.052 ![]() |
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Read moreCurrencies
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11.639 | 0.042 ![]() |
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1.394 | -0.004 ![]() |
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CONTACT US
CMD Financial Solutions Ltd
39 Lowther Street
Carlisle
Cumbria
CA3 8EP
T: 01228 882 880
F: 01228 882 889
Email Us
CMD Financial Solutions Ltd is an appointed representative of Openwork Limited, which is authorised and regulated by the Financial Conduct Authority. Openwork Limited is entered on the Financial Services Register (www.fca.org.uk/register) under reference 408285.
The information on this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
Registration Address: 39 Lowther Street, Carlisle, Cumbria CA3 8EP
Registration number: 06650508 - Registered in England & Wales
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