Buying a property is one of the biggest investments you’re likely to make. And if you play your cards right, your home will provide financial security for you, your family and future generations.
Up sticks or stay put?
From stamp duty to solicitors’ fees, the high cost of moving means that more people are choosing to stay in their current home and add value to the property. With interest rates at an all-time low, many homeowners are financing extensions and other home improvements by remortgaging. This is also an option for parents who want to help their children get onto the property ladder.
Freeing up cash
Equity release used to be a taboo subject, but these days it’s enabling homeowners to free up cash for a variety of reasons – to give children the best start in life, to care for elderly relatives, as an emergency fund or even to pay for holidays. Releasing equity through a lifetime mortgage can also help you reduce the value of your estate so there’s less Inheritance Tax to pay.
Protect your biggest asset
As house prices continue to rise, an increasing number of families are going to be hit by Inheritance Tax. Nobody wants 40% of their hard-earned assets to go to the taxman – so it’s worth looking at investments and trusts that will help reduce the amount of Inheritance Tax your family has to pay. You can also take out an insurance policy to cover the tax bill – and the cost of the policy will be deducted from the value of your estate.
If you’d like to discuss remortgaging your home, please call 0118 9235 097 or email firstname.lastname@example.org
For more information about Inheritance Tax, please call me 0118 9235 090 or email email@example.com