Hello, I’m John Whyte, Specialist Equity Release Broker covering Chichester 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?
An increasing number of homeowners are finding that equity release is their preferred way of funding their desired lifestyle through retirement. At this stage of life, it’s common that much of your household wealth is tied up in the value of your home, making it difficult to access unless you move to a smaller or cheaper property.
Equity release allows you to stay in your family property, while receiving part of its value in a lump sum or a series of payments. How you spend it is entirely up to you, but many people choose to invest in home improvements, splash out on an exciting family holiday or simply supplement their other retirement income so they have a little bit more money to spend in their daily life.
As with any major financial decision, it’s important to fully understand the implications of equity release before you proceed. It’s essential that you choose the right scheme to suit your family, lifestyle and financial situation in order to gain the biggest benefit.
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
About John Whyte Equity Release
I work across Sussex, providing independent guidance to my clients about lifetime mortgages, later life mortgages and home reversion plans. I specialise in equity release schemes, and would be happy to help you understand how various equity release plans would affect your lifestyle. In many cases, equity release allows homeowners to enjoy a comfortable standard of living while they enjoy retirement – it just has to be the right scheme for you.
To discuss your current situation and whether equity release may work for your family, please contact me. I offer an impartial information service, and my first consultation is always free and without obligation. You are welcome to visit our Worthing office or, alternatively, I travel to Chichester and the surrounding area and can visit you at home, if you would prefer. Simply call our Worthing office on 01903 890 660 or email john.whyte@therightequityrelease.co.uk and we can arrange an appointment.
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
To find out more about equity release mortgages and later life mortgages in Chichester, 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.
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