Professional Mortgage Advice

Equity Release

Equity Release is a way of raising money from the value of your home.

If you are in your mid 50's or older you might have paid a substantial amount off your mortgage, or be close to doing so. The value of your home may have risen considerably since you bought it, but you might still be short of money to spend, invest or even pay your standard mortgage off.

You could be facing a pension shortfall or have to meet unexpected expenses or simply want to fund a retirement treat, equity release can be an attractive solution. It allows you to tap into the wealth you've accumulated in your property without the stress of having to move.

We can look at all your options for releasing a part of the value of your home in return for a cash lump sum, or income to spend as you wish.

Let us offer you a free initial consultation to discuss whether Equity Release is the right option for you.

Tips for choosing the right equity release scheme

  • Let us discuss other options with you, we can find out how equity release would affect your entitlement to state benefits.
  • Borrow the minimum amount you need to or choose a drawdown scheme to give you the choice of borrowing money as and when you need it.
  • Let us talk to you about taking out a scheme that lets you make interest payments each month if you could afford to.
  • We will help you to choose a scheme with no early repayment charges or ones that apply only for a limited period.

Equity Release will reduce the value of your estate and can affect your eligibility for means tested benefits, to understand the features and risks, ask for a personalised illustration.