Types of equity release
Home reversion
Home Reversion Plans allow tax-free capital to be raised from a property without the need for a 
mortgage. The homeowner agrees to sell a percentage or all of their home to a reversion plan company. The amount of cash raised is based on the condition and location of the property, as well as the status of the client's health. The client retains the right to live in the property for life.
This is a home reversion plan. To understand the features and risks, ask for a personalised illustration.
Lifetime mortgage
A qualified mortgage lender offers a cash sum, which represents an agreed percentage of the current value of the property. This percentage increases with the age of the client and the cash raised can be taken as a tax-free lump sum, tax-free monthly income or a combination of the two. The debt is settled when the property is sold or the client dies.
Home reversion
Home Reversion Plans allow tax-free capital to be raised from a property without the need for a mortgage. The homeowner agrees to sell a percentage or all of their home to a reversion plan company. The amount of cash raised is based on the condition and location of the property, as well as the status of the client's health. The client retains the right to live in the property for life.
This is a home reversion plan. To understand the features and risks, ask for a personalised illustration.
Lifetime mortgage
A qualified mortgage lender offers a cash sum, which represents an agreed percentage of the current value of the property. This percentage increases with the age of the client and the cash raised can be taken as a tax-free lump sum, tax-free monthly income or a combination of the two. The debt is settled when the property is sold or the client dies.
Home reversion
Home Reversion Plans allow tax-free capital to be raised from a property without the need for a mortgage. The homeowner agrees to sell a percentage or all of their home to a reversion plan company. The amount of cash raised is based on the condition and location of the property, as well as the status of the client's health. The client retains the right to live in the property for life.
This is a home reversion plan. To understand the features and risks, ask for a personalised illustration.
Lifetime mortgage
A qualified mortgage lender offers a cash sum, which represents an agreed percentage of the current value of the property. This percentage increases with the age of the client and the cash raised can be taken as a tax-free lump sum, tax-free monthly income or a combination of the two. The debt is settled when the property is sold or the client dies.
Home reversion
Home Reversion Plans allow tax-free capital to be raised from a property without the need for a
mortgage. The homeowner agrees to sell a percentage or all of their home to a reversion plan company. The amount of cash raised is based on the condition and location of the property, as well as the status of the client's health. The client retains the right to live in the property for life.This is a home reversion plan. To understand the features and risks, ask for a personalised illustration.
Lifetime mortgage
A qualified mortgage lender offers a cash sum, which represents an agreed percentage of the current value of the property. This percentage increases with the age of the client and the cash raised can be taken as a tax-free lump sum, tax-free monthly income or a combination of the two. The debt is settled when the property is sold or the client dies.
Lifetime mortgage (roll up) Home Reversion Plans
If you're aged 60 or over, with a roll-up type of lifetime mortgage plan you can borrow money secured against the value of your home, without ever making any monthly repayments. 
Lifetime mortgage (interest only)
With an interest only lifetime mortgage plan you pay the interest every month on the amount you've borrowed. This is different from the lifetime mortgage plan (roll up) where no monthly repayments are required. But because you're paying the interest each month, the capital amount you've borrowed never increases.
Your home may be repossessed if you do not keep up repayments on your mortgage. This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration.
Safe Home Income Plans - SHIP
Westcliff Financial deals only with providers registered with SHIP (Safe Home Income Plans). SHIP plans carry a no negative equity guarantee - meaning you will never owe more than the value of your home.
Westcliff Financial deals only with providers registered with SHIP (Safe Home Income Plans). SHIP plans carry a no negative equity guarantee - meaning you will never owe more than the value of your home.
This is a lifetime mortgage/home reversion plan. To understand the features and risk ask for a personalised illustration. There may be a fee for mortgage advice. We estimate that it may be £299.