A sale with us ensures commitment within days and completion within weeks. Whether you are looking to move house or need to rent back your property, we can arrange a package to suit your needs.

"Thanks to Rapid Home Solutions, I have released the cash in my house whilst staying here on a secure tenancy agreement and paying a fair rent.  We were able to sit down and talk to someone in person and everything was explained clearly. They delivered on all their commitments."

Mr & Mrs Davies,
Merseyside

You may simply wish to release the equity in you house without having to move out. Our scheme is not an Equity Release Scheme but an alternative scheme which may suit your needs more adequately.

Over the past decade returns on property have dwarfed those to be had from stock market investments and savings. Some people have seen the value of their homes more than double since the mid 1990s.  It is no surprise; therefore, that releasing equity from your home has caught on.  Retired people are particularly attracted to using the rising value of their homes to boost their weekly income.

Rapid Home Solutions can purchase your house and rent it back to you at a fair market rent.  We take pride in our commitments to you the customer:

• We offer a secure long-term rental agreement.

• We guarantee you will always pay a fair market rent

• A fixed term ‘buy back’ option available

• Your property will not be sold to third party

• Essential property maintenance and buildings insurance provided.

There is now no shortage of Equity Release schemes on the market promising to help you do just that. But do they deliver? The answer is they can but you will need to do some homework before investing. And a number of people will find home equity release schemes, as they are called, are just not for them.

Questions to ask about Equity Release Schemes

To be eligible for most Equity Release schemes you should be aged 55-70, have a property that is worth at least £30-40,000, and ideally be a freeholder. If you meet these conditions, questions to ask before proceeding to invest in any scheme are:

• Does the scheme allow you to move house if you need to? One day you might want to move into sheltered housing or need residential care, or move to be nearer to your family.

• What is your life expectancy? People in their 60s and 70s usually benefit most from monthly cash payments. If you are older you may receive less from this kind of plan before you die relative to the value of your home.

• What are your family expecting to inherit on your death? The condition of most schemes is that they sell your home when you die. So if you use your property for home equity release you will not be able to leave it to your family, and will reduce the total value of your estate on your death.

• Are you living with a younger partner, relative or friend? Depending on the terms of the scheme, they will need to find alternative housing in the event of your death.

• What is your eligibility for means-tested benefits? The Minimum Income Guarantee is rising in value and the Pension Credit comes in this autumn. If you receive cash from a home equity release scheme this may cancel out your eligibility for means-tested benefits or help with paying for care.

The opinions expressed are those of the author. The material is for general information only and does not constitute investment, tax, legal or other form of advice. You should not rely on this information to make (or refrain from making) any decisions. Always obtain independent, professional advice for your own particular situation.

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