Equity Release

Make the value in your home work for you with an equity release or a lifetime mortgage

Your home is a valuable asset and equity release can be a great way to take advantage of this. However, it’s also a process full of potential pitfalls

As an expert in property finance, I can help you make the most of your equity release and help you avoid all of the downsides that you may run into. This means less worrying, more winning when it comes to enjoying your retirement or using funds for something special.

All products are fully authorised by the FCA and the Equity Release Council. An Equity Release product will reduce the value of your estate, will not be suitable for everyone and may affect your entitlement to state benefits. To understand the features and risks please ask for a personalised illustration.

For equity release, I charge £495 once the funds have been made available.

What is equity release?

Your home is an investment that you will have been ‘paying into’ every month since you took out your mortgage. When you are aged 55 or over you can access a lifetime mortgage.

This type of finance is where you can access the equity in your current property or organise a mortgage to buy a new one -there are options where the interest can be serviced every month, to ensure you can still leave your family financially secure. There are further options to allow the interest to roll-up for your lifetime, should that better suit your needs.

Depending on your circumstances, one of these options may be better than the other – or perhaps equity release may be entirely wrong for you. It’s my job to help guide you through this process and advise you towards making a decision that makes sense for you without impacting too heavily on your family or estate.

It’s also possible to use a lifetime mortgage to help purchase a new property. Meaning you can 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:

Tax-free cash: you won’t be taxed on money from an equity release

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 My Clients Say

Nicola has been an invaluable source of support in navigating a slightly more complicated mortgage requirement. I have found her to go above and beyond in terms of finding a mortgage to suit my requirements, at the best value possible. She is a pleasure to work with and I would have absolutely no hesitation in recommending her services
Ms Carel

Since deciding to develop a small property portfolio and seeking advice from Nicola my confidence in her ability and professionalism has grown to the extent that I know the best financial solution will emerge without my input. Now I leave everything to Nicola in the knowledge that a bespoke and cost-effective introduction will obtain a positive return on my investment.
Mr Jeffreys

I knew I'd need a mortgage advisor as I find paperwork to be the bane of my life. I was told Nicola was great but she completely exceeded my expectations. She did everything and just asked me the questions. No way would I have managed to do it without having a breakdown, she made it look so easy and so simple. There is no way I would ever buy a house without her by my side.
Ms Thomas

I thought I needed help finding a new mortgage but Nicola gave so much more. From the beginning Nicola made me feel it was possible and explained all the options and how I could best achieve what I wanted with my mortgage. She really had to go the extra mile for me finding a suitable one and I really appreciated it. At every step, I felt informed, supported, secure and encouraged. I can’t recommend her more highly.
Ms Murray

Get in Touch

Ready to get started? Choose NC Property Finance for a no-complications, friendly service right here in the North East.

AN EQUITY RELEASE PRODUCT WILL REDUCE THE VALUE OF YOUR ESTATE, WILL NOT BE SUITABLE FOR EVERYONE AND MAY AFFECT YOUR ENTITLEMENT TO STATE BENEFITS. TO UNDERSTAND THE FEATURES AND RISKS PLEASE ASK FOR A PERSONALISED ILLUSTRATION.

Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice
(CONC 3.6.5)

https://www.handbook.fca.org.uk/handbook/CONC/3/6.html
Lifetime Mortgage Risk Warnings

A LIFETIME MORTGAGE WILL REDUCE THE VALUE OF YOUR ESTATE, WILL NOT BE SUITABLE FOR EVERYONE AND MAY AFFECT YOUR ENTITLEMENT TO STATE BENEFIT

THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION.

Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice
(CONC 3.6.5)