Is equity release the right choice for you?
Equity release is becoming an increasingly popular choice for homeowners over the age of 55. Where wealth and investments are primarily tied up in the value of your home, equity release makes it possible to access some of that money so you can spend it on the things you would like.
Rather than having to downsize and move home in order to access some of the money in your home, the various equity release schemes make it possible to stay where you are and still benefit from a lump sum or a series of smaller payments. This means you can afford those home renovations, that new car or the holiday-of-a-lifetime that you’ve been looking forward to for so long.
The process of equity release is complex and will significantly affect your finances and the value of your home until you sell it or pass away. It’s essential that you take advice from an independent professional before undertaking such a big decision, which is where John Whyte Equity Release can help.
How much can I borrow?
The amount you can borrow through equity release actually depends on a range of different factors. The most important is the current value of the property, but it is also affected by the age and health of you and your partner, as well as any other factors that might be relevant including lifestyle choices and previous medical history.
Will I be eligible for equity release?
Some believe that equity release has complex eligibility requirements, however, this is not the case. To be eligible for equity release you need to be at least 55 years of age, and own a conventional property that is worth a minimum of £70,000.
Why choose John Whyte Equity Release?
I have been using my expertise to provide clients with specialist advice about equity release for many years. Working across Sussex, I’m dedicated to providing impartial information about the financial options available, so that clients in all situations can make an informed, well-planned decision about whether equity release is right for them. Whether you are interested in lifetime mortgages, home reversion plans or later life mortgages, I would be happy to help.
Get in touch
For more information about my services or to arrange an initial consultation, please get in touch and I can answer any questions and book an appointment with you. I believe it’s always better to have these conversations face to face, so you are welcome to visit our offices in West Worthing or I can come out to your home at a time that’s convenient for you. Initial consultations are always free and without obligation, just call our team on 01903 890 660.
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.