John Whyte Equity Release have been providing specialist, independent advice to clients in Hampshire and across the South East for many years. As a regulated adviser with a speciality in equity release and later life mortgages with nearly 20 years’ experience, I can provide expert advice and guidance to enable you to make the right choice for you, your family and your property.
If you are looking to find out more about possible equity release plans for your home, including lifetime mortgages, later life mortgages or home reversion plans, I offer free, no obligation telephone consultations to answer your initial queries. I regularly travel throughout the southern counties and am happy to meet you at your home, whether you’re based in Basingstoke or Portsmouth, Southampton or the New Forest, to help you find a plan that is tailored to your personal circumstances.
For your complete peace of mind, I am a member of the Equity Release Council and an introducer to The Right Equity Release Ltd, which is authorised and fully regulated by the Financial Conduct Authority.
Why not get in touch by calling John Whyte Equity Release on 01903 890660 today?
Equity Release – the right choice for you?
Are you a homeowner in Hampshire over the age of 55 years? As you approach retirement age, you may come to realise that the bulk of your wealth is tied up in the value of your home. Property prices in the South East have risen considerably since the 1990s, so the equity in your home may be worth a significant amount.
Equity Release is a useful tool to help you unlock the cash, either as lump sum or instalment payments, allowing you to access valuable funds to spend or invest elsewhere. From gifting money to family members to funding home improvements, once-in-a-lifetime experiences or travels, lifestyle purchases, or to top up retirement income, choose from various available plans to find a solution that suits your requirements perfectly.
Equity Release is a long-term financial decision that will impact the value of your property when you decide to sell or you pass away. That’s why it is essential to consult with your family and seek professional, impartial advice and guidance from an equity release specialist before committing to a scheme.
At John Whyte Equity Release, we will work with you to establish your exact personal circumstances and particular financial requirements before researching the market in detail for suitable schemes. I will then be able to make specific recommendations for the best options for you. I can also help to review any existing equity release plan you may already have to ensure that you benefit from the lowest interest rates.
What types of equity release are available?
The two main types of equity release are lifetime mortgages and home reversion plans. A lifetime mortgage is the most common type of equity release. These allow you to withdraw money from your home in either a lump sum, or multiple smaller payment. You will retain full ownership of your property and the interest on the payments is ‘rolled up’ – the loan and the interest is paid off by your estate when you die or move into long-term care.
A home reversion plan involves the provider purchasing a percentage of your property that then allows you to access its value. You retain the right to live in property rent-free. Similar to a lifetime mortgage, when the property is sold, the provider takes their portion and your estate keeps the rest.
Does the cash release from the property get taxed?
If you choose to take a lump sum from your lifetime mortgage, the money is tax free. If you continue to earn a regular income, make investments, or deposit into savings, you will be charged interest on gains you receive.
Get in touch
For more information about Equity Release in Hampshire, please get in touch by completing the enquiry form on the right hand side, or simply call 01903 890660 to start exploring your 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.