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Age UK London Trading

Tavis House, 1-6 Tavistock Square, London , WC1H 9NA
Telephone: 0800 328 6089
Opening times: 9.30am - 4pm Mon-Fri

Citizens Advice - Hillingdon Independent Financial Advice

Telephone: 0344 848 7903
Area serviced: London Borough of Hillingdon

Society of Later Life Advisers(SOLLA)

Telephone: 0845 303 2909
Area serviced: National
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A cash sum is released from your property and this is used to buy an Annuity which in turn pays out a monthly amount. Part of this is used to pay the interest bill of the loan and the remaining balance can be used for an income. The original loan is then repaid when the property is sold, or you move into long term care.