Equity Release for Dentists – Do You Know Your Options?

Equity release for dentists is a great option for those who dentists who are facing some financial problems after their retirement. By taking an Equity Release For Dentists’ scheme, you no longer need to worry because the equity release can provide you a steady income on age when you simply need to enjoy life carefree. These days, many dentists are releasing equity of their homes to help fund their retirement. If you want to take an equity release for dentists’ scheme, you must be at least 55 years of age and own a house you can release the equity. It’s a great way to release some monetary value of your home and use this amount as a source of income without leaving your home. If you are considering equity release for dentists, make sure you know that you have following two options.

Home Reversion Plans
By taking a home reversion plan, you can a regular earning, cash lump sum and even both. This method will offer you a lifetime lease that guarantee you can live in your home for your lifetime. Thus, as you grow older, you can release more cash and make the most of the increased value of your home.  Home reversion plans are more beneficial than lifetime mortgage and if you sell your home, it will not get any inheritance and you will be no longer completing owing your home.

Lifetime Mortgages
A lifetime mortgage can save you from the hassle of monthly payments while your home is fully insured.  This option is very beneficial because the increased value of your home still benefit you. You choose from the fixed rate plan and additional borrowing.  However, you must consider that early repayment penalties may apply, the tax position may be affected and the amount raised is often less than home reversion plans.

If you are unsure about specifics or have questions about equity release for dentists or would like a free, same day quotation - then please call Medics FS at +44 (0) 1403 780 770 or fill out the simple enquiry form given on its website http://www.medicsfs.com/financial-services/equity-release/

Make the Most of Equity Release for Dentists

Choosing an equity release for dentists’ scheme is a very important decision because it can impact many things such as advantages and the amount of inheritance left behind for your survivors. But after considering its all features and advantages, you can rest assured that an equity release for dentists is very beneficial for you.
Following are some great advantages of equity release for dentists.

Extra Source of Earnings
An important advantage of Equity Release For Dentists is the opportunity to release tax free lump sum money from the value of your home. The amount of equity that you can release depends up on your circumstances as well as the value of your property. The equity released from your home can be used for a wide range of purposes which includes debt clearing, paying off mortgage, meeting the financial needs of your family and keeping up a specific lifestyle. While most of the dentists take education loans or business loan these days, the idea of equity release ca

n help them in paying off their loans at one go.
 
No Monthly Repayments
After getting a lump sum of money, another great advantage of equity release of dentists is that you don’t need to worry about the monthly repayments.  Simply choose a lifetime mortgage where no repayments are needed, the initial loan and any accrued interest will be repaid when you pass away or go into a long term care.

Keep Living in Your Home
The biggest advantage of equity release for dentists is that it allows you to keep living in your home without worrying about the relocation. In this way, equity release for dentists gives can you the freedom of maintain your current lifestyle without worrying about the monthly repayments and relocation.
If you need expert consultation on equity release for dentists in UK, feel free to call Medics Financial Services on +44 (0) 1403 780 770 today or complete the simple enquiry form given on its website http://www.medicsfs.com/financial-services/equity-release/