Is equity release right for you?
An increasing number of homeowners in Croydon over the age of 55 are finding that a significant amount of their money is tied up in the value of their home. Where house prices in the area have risen dramatically over the last twenty or thirty years, those fortunate enough to have a property in Croydon are finding that their home is worth substantially more than they paid for it, but have no way of accessing those additional funds without selling.
Equity release can be a useful way of using some of the capital invested in your home without having to move house, allowing you to draw a lump sum, a series of payments or a combination of both. This then allows you to invest in home renovations, give gifts to family members or pay for leisure and lifestyle costs.
Working with John Whyte Equity Release
There are numerous equity release schemes available so consulting with a regulated professional is essential before making a commitment. By working together, we can find the scheme that fits best with your lifestyle needs and financial situation. This also applies to homeowners that already have an equity release plan but would like their terms to be reviewed to see if a better interest rate is possible.
I have been providing financial advice for over 18 years, and offer clients specialist, independent guidance about equity release all across London and the South East. Whether you are interested in lifetime mortgages, home reversion plans, later life mortgages or simply a bit more information about your options, I would be happy to help.
If you have any questions about equity release in Croydon, please get in contact. You can call me on 01903 890660, email me on email@example.com or complete the form on this page I will get back to you as soon as possible.