Equity release and long-term care
If you have an equity release plan and need to go into long term care, unless you have a spouse or partner who is entitled to live in the property it will be sold to repay your equity release provider.
To help you understand all about equity release and long-term care, we explain the following in today’s blog:
- What is equity release?
- What happens to my equity release plan if I go into care?
- Can my partner stay in our home if I move into long-term care?
- Can we access further funds from our drawdown plan if one partner is in care?
- What happens if we both move into long-term care?
- Can I live with one of my children rather than move into long-term care?
- Repaying your plan after moving into long-term care
- What happens if my home does not sell in time?
- What happens if I owe more than the value of my home?
We hope this guide will help to answer your questions about equity release and what happens when you move into long-term care. Our selected advisers are also available to discuss your circumstances and offer further information and advice. Just call us on 0800 096 2215 or request a call back and we’ll arrange a no-obligation appointment for you.
Alternatively, check your eligibility and get an initial indication of how much tax-free cash you could unlock.