Bridgewater is a leading provider of equity release products in the UK, offering a range of solutions to help homeowners unlock the value of their properties. Their offerings include home reversion plans and lifetime mortgages.
Bridgewater Equity Release Plans
Lifetime Mortgages: Bridgewater offers lifetime mortgages, allowing homeowners aged 55 and over to release tax-free cash from their property. This plan enables you to receive a lump sum or set up a reserve to draw money from in the future while continuing to live in your property.
Home Reversion Plans: Bridgewater also provides home reversion plans, where you sell a part or all of your home to a reversion company in exchange for a lump sum or regular payments. You retain the right to live in your home rent-free for the rest of your life.
Key Features
- Tax-Free Cash: Access a lump sum or set up a reserve for future withdrawals.
- No Monthly Payments (Lifetime Mortgages): The loan and interest are typically repaid when the property is sold, usually after the homeowner passes away or moves into long-term care.
- Retain Homeownership: Stay in your home for life (Lifetime Mortgages).
- No Negative Equity Guarantee: Ensures you will never owe more than the value of your home when it is sold.
- Flexible Options: Choose between receiving a lump sum or regular payments (Home Reversion Plans).
Benefits of Lifetime Mortgages
- Flexible Use of Funds: Use the released cash for home improvements, paying off debts, or helping family members.
- Inheritance Protection: Options to protect a percentage of your home's value for your heirs.
- Portability: Transfer the mortgage to a new property if it meets Bridgewater’s lending criteria.
- Fixed Interest Rates: Enjoy predictable costs with fixed interest rates for the life of the loan.
Professional Advice
Seeking professional advice is essential when considering equity release. An adviser can provide personalized recommendations based on your financial situation and retirement goals. They help you understand the pros and cons of different options and make informed decisions about your equity release strategy, ensuring you fully comprehend the long-term impact on your financial future.
Next Steps
Choosing the right equity release plan is crucial for securing your financial future in retirement. Getting expert advice can help you make the most of your home's value. By understanding your specific needs and circumstances, an adviser can guide you through the process and help you optimize your financial strategy.
Interested in learning more about Bridgewater equity release and how to maximize its benefits? Speak to a knowledgeable adviser who can provide personalized advice and support.
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