Hello, I’m John Whyte, Specialist Equity Release Broker covering Bognor Regis and the whole of the UK.
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.
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 equity release works
1. Advice
Lets explore how much you could release
2. Search
We’ll find a product that suits your needs
3. Apply
Your application is made
4. Legal
An independent solicitor confirms your application
5. Complete
Your cash is unleashed
Testimonials
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.
How much could you release?
Our 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.
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’!
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.
Talk to us today about equity release by calling 01903 254993 or by the form below.
Equity Release Sussex is a trading style of The Later Life Lending Network Limited, an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority (Ref – 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.
The information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK