Bridgewater Equity Release Limited was established in 1998 and has since won multiple awards, including being ranked as the Best Home Reversion Provider for the past 8 years. This home reversion provider is a member of The Equity Release Council and has been fully authorised by the Financial Conduct Authority. Bridgewater is also a subsidiary of Grainger plc, which is the largest listed residential property specialist in all of the UK and was established in 1912.
The Flexible Release Plan offered by Bridgewater works by allowing you to transfer only a portion of the equity that you have invested in your home. By using this product, you can not only release cash in a lump sum, but you can also release additional cash sums in the future if you need it. The plan allows you to transfer a proportion of your home for cash release while also allowing you to remain in your home for the rest of your life. The Bridgewater flexible release plan allows you to transfer ownership from 25% to 100% of the interest in your property.
The Bridgewater Flexible Release Plan can be individualized to suit your particular needs so that you are able to release the exact amount of money you need right now. Not only can you release the proportion of cash that you need but you can simultaneously protect the rest of the value in your home or secure future cash releases. You can also include other options in your particular plan including an early vacancy guarantee or a house price inflation protection.
Under the Flexible Release Plan, the amount of cash available to you will depend on your particular circumstances such as the percentage of your home you want to sell, the actual value of your home, and your age. By using this Bridgewater home reversion plan , you are able to stay living in your home for as long as you’d like, without having to pay any rent. This is provided by the lifetime tenancy agreement, drawn up from the outset. However, should you choose to move, the plan is transferable. In fact, you can even use it to purchase a new home.
This plan is ideal for those consumers who want to make sure that they are able to still retain some kind of interest in their property while also maintaining their share in any movement in their property value. The plan starts at age 65 and the minimum amount allowed is 25% of your property value. Further, Bridgewater’s Flexible Release Plan guarantees that you are able to retain a legacy for your estate while also guaranteeing future releases, should you decide you need them.