Equity Release
Purchasing a property is an exciting time but can be an intimidating process for the first-time buyer.
Working with a specialist team, like ours, can help the process flow much more smoothly.
Our team will guide you through the process and keep you updated at every stage.Equity release allows anybody over the age of 55 to extract money (the Equity) out of their home to help them enjoy the retirement they deserve. This can be a loan secured on their home which can be paid back when your house is sold.
How Does Equity Release Work?
Equity release is most comonly kown as a Lifetime Mortgage. Depending on your circumstances, as long you are 55 or over and you own your own home you can release a proportion of the equity of your home, depending on your age (Both partners must be over 55).
Reasons Why You May Want To Equity Release
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Home Improvements A new conservatory or garden
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Holiday Take that once in a life time Family Trip
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Extra Cash to do the things you want
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Clear Debts or to consolidate loans
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New Car or caravan for your seasonal breaks
BROKER FEE DISCOSURE
There may be a fee for equity release. The precise amount will depend upon your circumstances but we estimate it will be between £895 and 1% of the loan amount. around £1995.
