Your friendly, independent equity release broker

Helping you choose an equity release plan that's right for you, leaving you to enjoy your retirement

What is Equity Release?

Equity release refers to a range of products that let you access the equity (cash) tied up in your home if you are over the age of 55. You can take the money you release as a lump sum or, in several smaller amounts or as a combination of both.

If you’re a home owner who is wishing to release some of the value of your own property, then you’ve come to the right place. Some retirees find themselves equity rich, but cash poor. Currently with the interest amount fixed at very low rates for life, now maybe a good time to release the equity locked up inside your home.

Learn more about equity release...
Equity Release Council Approved Logo

Use our equity release calculator

Why not use our simple form to see how much equity you can release from your home?

Hello, I'm John Whyte, Specialist Equity Release Broker in Sussex & South East

I'll help you choose an equity release plan that's right for you, leaving you to enjoy your retirement. I've prepared a handy guide to answer some FAQs but welcome you contact me so I can answer your questions personally. To understand the features and risks of your own lifetime mortgage, please ask for a personalised illustration.  

Contact John

Equity Release Calculator

Simply fill in the details below and we will be in touch as soon as possible with a calculation of how much equity you may be able to release. We would stress that this is just an estimate and that it comes without charge or obligation of any sort.

1 Step 1
2 Step 2

Types of Equity Release

Lifetime Mortgage

Take out a mortgage secured on your property provided it is your main residence, while retaining ownership.

See more

Home Reversion Plan

You need to be aged 65+ to qualify for a Home Reversion Plan. You have the right to continue living in the property rent free until you pass away.

See more

Mortgage and Equity Release Experts

What Can My Equity be Used For?

Find Out How Much You Can Release

What is an equity release broker?

An equity release broker is a completely independent intermediary for clients seeking to release equity from their property. An equity release broker offers market intelligence and acts as an agent for the customer, providing personalised advice. Equity release brokers make their money by charging a fee or commission for tailored equity release solutions.

What Costs are Involved with Equity Release?
There are costs involved with equity release. These are the fees for independent financial advice, the mortgage lenders charge and the property valuation or survey fee required to get a current market value of your property.

There is also the interest accumulated through lifetime mortgage plans, but this isn’t an immediate cost – it is rolled-up until the end of the loan (when you die), at which point it is payable by your estate.

Do I have to pay tax on the equity released?
No, you do not pay any direct tax on the money you receive from an equity release plan. It is not classed as a capital gain because you are borrowing money against your home. However, if you invest your tax-free cash in ISAs or other savings accounts, you may have to pay tax on any growth. Releasing equity from your house will reduce the value of your estate so it could actually reduce your Inheritance Tax bill when you die.

Case Studies

Mr & Mrs B from Sussex


Aged 70 & 74. Property Value £165,000. An initial release of £26,400 for debt consolidation, minor home improvements, holidays for the year ahead and Birthday/Christmas spending on their family. Further (annual) sums have since been drawn to continue provision for the annual costs of holidays, birthdays and Christmas presents for their every growing family.

Mr & Mrs P from Hampshire


Aged 67 & 65, Property Value £300,000 outstanding mortgage of £56,000 with a term due to expiry, Other debts of £17,000, Total Monthly Cost of £540. Total Release of £74,500 to repay in full all debts and initial set up costs, interest to be serviced as equivalent monthly cost is lower at circa £400pm and capital ultimately repaid on death from the estate.
home_credit_card

Mr & Mrs S from Guildford


Recently retired Mr & Mrs S had means of ‘paying’ interest and possibly even mortgage loan capital but they found that ‘normal’ mortgage lending was restricted. To fund renovations on their new property, the couple opted for a small £30,000 release, made on a value of approximately £330,000. They are now looking to release further funds to indulge their ‘bucket list’!

John Whyte

I am highly experienced in the fields of mortgages and equity release and understand the importance of talking to you in plain and simple English. I will be on hand throughout the entire process and will explain any effects to your state benefits and how they can be minimised.

Read more

Contact

01903
890 660

Please call me on the following telephone number.

07734
412 835

Alternatively, you can also contact me on my mobile.

 

Equity Release Sussex is a trading style of TRM Financial Ltd (FCA Ref 725622), an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority (649443). Registered in England and Wales no. 09832887. Registered Address: 70 St. Johns Close, Knowle, Solihull, England, B93 0NH

For Independent Equity Release advice we do not charge any upfront fees however, a fee of up to 1% of the total cash facility arranged is payable (subject to a typical minimum charge of £1,295) on completion for our service in relation to lifetime mortgage contracts plus commission from the lender.  The exact amount will depend on the complexity and work involved in your case and will be confirmed by way of a formal fee agreement.

For Independent Mortgage Advice we charge a fee of up to 1% of your mortgage amount payable (subject to a typical minimum charge of £295 payable on application & £300 on completion (£595 in total) plus commission from lender. The exact amount will depend on the complexity and work involved on your case and will be confirmed by way of a formal fee agreement. 

To understand the features and risks, ask for a personalised illustration. Think carefully before securing other debts against your home.

from 15 reviewers

Get In Touch

Get in touch below

  • Please read our Customer Privacy Notice before proceeding.

    Please tick the boxes below if you...