Is equity release right for you?
Do you own your home in Brighton & Hove and would love to access the equity tied up in the property without having to move out? For those who are ‘asset rich but cash poor’, equity release offers a way of tapping into the value of your home.
This situation is particularly relevant for homeowners who are nearing or have reached retirement. Equity release, either through a lump sum or a series of payments, is a popular financial vehicle to make life more comfortable in one’s autumn years.
The funds made available through equity release can be used for any purpose. Whether you are planning the holiday of a lifetime or major home improvements, want to provide for your grandchildren’s education or boost your own retirement income, the choice is yours.
With so many different equity release schemes and providers on the market, it is important to do your homework so that you can find an equity release plan that is perfect for your individual situation. This is where Sussex based Equity Release Specialist John Whyte can provide valuable advice and guidance. Simply send an enquiry using the form on this page and I will get back to you promptly with an estimate of how much money you may be able to release from your home.
Who is eligible for equity release?
Eligibility criteria for equity release are very straightforward. You must be a homeowner with a conventional property located in the UK. Your home must be worth at least £70,000 with little or no mortgage left to pay. You (or the youngest homeowner for joint ownership) must be at least 55 years old to qualify.
How much money could you borrow through equity release?
There are a range of factors affecting the amount of money you are able to release from your home. Clearly, the value of your property is of paramount importance, including any outstanding mortgage that must be repaid first. Other factors to be taken into account include your age, health, medical history, lifestyle and more. The older you or your partner are, the more you may be able to borrow.
About John Whyte, Equity Release Specialist
I am an independent financial planning specialist for mortgages and equity release, covering Brighton & Hove and along the South Coast. I have more than 20 years’ experience in financial services and am a member of the Equity Release Council. Whether you are looking for equity release, a lifetime mortgage or a later life mortgage, I would be happy to assist you in finding the best solution for your current and future financial wellbeing.
Get in touch
To find out more about equity release mortgages and later life mortgages in Brighton & Hove, please get in touch on 01903 890 660 to arrange an initial consultation. You are very welcome to visit our office in Worthing or we can make an appointment for a home visit if you prefer. Rest assured that our first consultation is always free of charge and without obligation. We look forward to hearing from you.
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.