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. I’ve used Nicola for life insurance, a remortgage, and a new mortgage after moving house. Each time, she’s been extremely helpful and explained everything in great detail. Highly recommend!Posted onTrustindex verifies that the original source of the review is Google. Fabulous service!Posted onTrustindex verifies that the original source of the review is Google. I’ve used Nicola for years for mortgage advice and wouldn’t go to anyone else! She gets you the best rates, gives brilliant advice and options to best suit your needs and takes the stress of the process completely off your hands. Thank you so much for all of your help Nicola.Posted onTrustindex verifies that the original source of the review is Google. Fantastic service, we highly recommend Jaime, Nicola and the team. Everything was handled efficiently, it was a simple process and we will be telling everyone they need to use NC for their mortgage needs!Posted onTrustindex verifies that the original source of the review is Google. Nicola has just done our re-mortgage and sorting out a BTL mortgage with such ease and would 100% recommend!! Thank Nicola!! xPosted onTrustindex verifies that the original source of the review is Google. This is the third time we’ve used Nicola at NC Property Finance, and once again, she was absolutely fantastic. We’ve worked with her twice for remortgages and this time for arranging a new mortgage, as well as our insurance. Every time, Nicola’s personal approach has been exceptional and made the stressful process of moving house so much easier. Nothing is ever too much trouble, and she responds to all communications quickly and efficiently. I have already recommended Nicola to family and friends and wouldn’t hesitate to do so again. I genuinely can’t see how the service could be any better, which is why I won’t be going anywhere else for our financial needs.Posted onTrustindex verifies that the original source of the review is Google. Nicola helped us throughout the buying process. As we were moving from Scotland to England the processes were slightly different but she ensured we knew what we needed to do. She is very easy to deal with and provides a very customer focused service. I'd definitely recommend Nicola for both our house move but also helping us get insurance in place. Great job Nicola!Posted onTrustindex verifies that the original source of the review is Google. I can't recommend Nicola highly enough! As a small business owner it was starting to feel impossible to get on the property ladder - even with a guarantor. Yet with Nicola's guidance she managed to find a mortgage deal that has allowed me to first time buy for more than I thought I could initially afford (on a very tight time frame with some less than ideal personal circumstances) ! Her team are quick and efficient and she has been really helpful and easy to communicate with. Even when some unexpected hurdles arose she was very reassuring and has saved me lots of stress, keeping me informed and in the loop throughout, whilst full of useful advice. I'm over the moon and can't wait for this new chapter - thank you again Nicola!Posted onTrustindex verifies that the original source of the review is Google. I found myself in the unwelcome position of being evicted from a property due to the landlord selling up. I was looking to buy my first place and NC Property Finance were recommended to me by a family member, who had a great experience with them. To say Nicola helped enormously would be an understatement. From the very beginning Nicola was friendly, knowledgeable, professional, approachable and did an amazing job of both exploring every avenue while also explaining it successfully to me. Despite the property I wanted to buy being a bit strange and challenging to purchase, Nicola found a way. I genuinely couldn't recommend NC Finance highly enough. Clients are in the fantastic position of working with someone who is brilliant at what they do, but also with a firm that isn't so vast that you are just another body in the system. Thankyou NC Property Finance!!Posted onTrustindex verifies that the original source of the review is Google. As a first time buyer Nicola has saved me and girlfriend hours of stress and hundreds if not thousands of pounds. She found us the best mortgage deal on the market and saved us over £500 by recommending a solicitors (who have also been great). She was also happy to set up home and life insurance if we needed it and has given us lots of very important advice around buying our first property as well as checking in with us on a regular basis. Couldn't recommend Nicola enough!