Why choose equity release?
Equity release is a way of accessing the money that you have tied up in your property, particularly if you don’t have many cash savings but there is a lot of value in your home. This situation is common for homeowners once they reach retirement, who choose equity release to benefit from a lump sum or a series of payments to make their lives more comfortable.
Equity release schemes can be used for any purpose, from making improvements to your home, funding big family holidays or providing financial gifts to family members. There is a range of different schemes and providers on the market, so it’s essential that you do your research and find the equity release plan that best fits your situation.
If you are in the initial stages of planning equity release, I would be more than happy to provide you with more information. To get an estimate for how much money you may be able to release from your home, simply complete the form on this page and I will get back to you as soon as possible.
Am I eligible for equity release?
The criteria for equity release eligibility is actually quite simple. In order to be eligible, you need to be over the age of 55, and you must own a conventional property that has a value of at least £70,000.
How much could I borrow through equity release?
This can be a difficult question to answer because of the range of factors that can affect it. The first issue is, of course, how much your property is worth but it also depends on factors such as your age, health, medical history and more.
About John Whyte, Equity Release Specialist
As a specialist in mortgages and equity release, I work in and around Bournemouth and along the south coast to provide independent advice to my clients. Whether you are looking at lifetime mortgages, later life mortgages or home reversion plans, I would be happy to assist you in finding the right option for your current situation and future finances.
Get in touch
To learn more, simply call our team on 01903 890 660 and we can arrange an initial consultation. You are welcome to visit our Worthing office or, alternatively, I am happy to make an appointment to come to your home. Our first consultation is always completely free and without obligation, simply to help you realise your potential options.
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.