It’s important to remember that Co-Own for Over 55s is equity sharing not equity release.
Co-Own for Over 55s is not an equity release product as we are helping you buy a new home and are not releasing equity from your existing home. A benefit of Co-Own for Over 55s is that you can retain up to £25,000 from the sale of your current home or savings. Anything above this must be put towards the purchase of your new home.
Now that you have read about Equity Sharing, we recommend that you read about who is it for. To find out how much you could afford with Co-Own for Over 55s visit our calculator. If you have any questions give us a call on 028 9032 7276.