Make the value in your home work for you with an equity release or a lifetime mortgage
Equity Release
Your home is a valuable asset, and equity release can be a great way to make the most of it. However, it’s also a process full of potential pitfalls, so it’s important to approach it with the right guidance.
As experts in property finance, we can help you make the most of your equity release while avoiding the potential downsides. That means less worrying and more confidence when it comes to enjoying your retirement or using funds for something special.
All products we recommend meet Equity Release Council standards.
An equity release product will reduce the value of your estate, may not be suitable for everyone, and could affect your entitlement to state benefits. To understand the features and risks, please ask us for a personalised illustration.
For equity release, we charge £595, payable once the funds have been made available.
What is Equity Release?
Your home is an investment you’ve been ‘paying into’ every month since taking out your mortgage. Once you’re aged 55 or over, you may be eligible for a lifetime mortgage.
This type of finance allows you to access the equity in your current property or arrange a mortgage to buy a new one. Some options let you service the interest monthly, helping you leave your family financially secure, while others allow the interest to roll up over your lifetime—whichever best suits your circumstances.
Depending on your situation, one option may work better than the other—or equity release may not be right for you at all. Our job is to guide you through this process and help you make a decision that supports your goals without placing undue impact on your family or estate.
It’s also possible to use a lifetime mortgage to help purchase a new property, allowing you to retain some of your own funds for home improvements—or simply to enjoy.
The Benefits Of Equity Release
Equity release is done for good reason: it offers a great way for a homeowner to access funds that may support their lifestyle goals without being hampered by tax. The benefits include:
No tax payable on release of equity via a Lifetime Mortgage.
No need to move: rather than having to downsize to free up funds, you can stay in your current home.
Option for monthly repayments: typically you don’t need to pay the finance off until your home is sold when you die, or you are moved into residential care on a permanent basis. However, there is the option to service the interest to make sure you protect the further equity in your home.
Capped limit: if you choose accredited lifetime mortgage with a ‘no negative equity guarantee’ you will never owe more than the value of your home.
Repay interest-only mortgage: you can use the cash release process to pay off an interest-only mortgage and cut down on money owed.
Adaptations and home improvements: equity release is often used to upgrade or adapt a home to make it more suitable as your lifestyle changes.
Downsizing: if you’re looking to move into a smaller home or apartment, equity release can free up cash to support your lifestyle.
The Risks of Equity Release
Equity release also carries some significant risks, making equity release advice vital.
Interest: like a mortgage, an equity release loan is affected by compound interest. If you choose a product that does not allow you to make interest payments, the remaining equity in your home will be diminished – leaving your family or estate with a smaller inheritance
Benefits: if you receive government benefits, equity release can affect them. Talk to me before any equity release decision and I can help mitigate this.
Inheritance: if you plan on leaving your home as an inheritance, an equity release may not be ideal as typically, your home must be sold to pay off what is owed to the lender and any leftover funds are then given to the family.
Fees: there may be set up fees and redemption fees if you decide to repay your release early.
The risks of equity release make one thing plain: you really need to talk to an equity release advisor who knows what they’re doing and can help you make the right choice. Luckily for you, I’m that provider!
Talk to me today and let’s make sure you make the right choice.
What Our Clients Say
EXCELLENTTrustindex verifies that the original source of the review is Google. Excellent service as always. great teamPosted onTrustindex verifies that the original source of the review is Google. Absolutely amazing service. From start to finish, Jaime was so supportive throughout the process and we will 100% use again! Thank you so much for everything.Posted onTrustindex verifies that the original source of the review is Google. Great service, thank youPosted onTrustindex verifies that the original source of the review is Google. Very efficient, friendly and professional. Always come back to you and you can ask as many questions and make as many changes with no problem whatsoever. Everyone on the team is so nice!!Posted onTrustindex verifies that the original source of the review is Google. Amazing service, staff were really supportive and attending during a naturally anxious time of purchasing a property. Would recommend to anyone. Huge thank you for everything!Posted onTrustindex verifies that the original source of the review is Google. Would recommend Nicola 100%. She is absolutely brilliant at everything finance. We used her for our mortgage and she was professional, attentive and extremely knowledgeable and honest throughout the process. She has a background in property so is brilliant for advice on the property side aswell. We definitely won’t go anywhere else and I would recommend her and her team to anyone looking for financial advice or guidance.Posted onTrustindex verifies that the original source of the review is Google. Great and fast communication. Nicola explains everything clearly and is patient. Made being a first time buyer a lot easier and smoother! Thank youPosted onTrustindex verifies that the original source of the review is Google. Nicola was fantastic from start to finish. I have used her multiple times, and each time she has provided excellent, well-curated advice tailored to my circumstances as a self-employed person. She was always quick to respond to any queries, professional, friendly, and incredibly helpful throughout the process. Her clear communication and support made everything much less stressful, and I would highly recommend her.Posted onTrustindex verifies that the original source of the review is Google. Nichola is a very knowledgable advisor and we appreciated how quickly she responded to any and all enquiries. She made sure that we understood the process, and that we were able to get a mortgage offer that was right for us. Thank you