Bridgewater Equity Release
Compare UK Equity Release Schemes
How your figure is calculated?
The primary factors used to determine the amount of cash you can raise with equity release are:
- Property value – A higher value property will result in a higher equity release calculation
- Age of youngest applicant – If you are applying as a couple the amount of equity you can release will be calculated based on the youngest applicant
- FREE initial consultation for UK Homeowners aged 55 plus
- Full assessment of your circumstances on whether Equity Release is right for you.
- Specialist advice for homeowners on equity release scheme options.
- High level of personal service.
Things to consider
Key Advice, specialist advisers search the whole market to find the right equity release plan for you. They’ll explain all the options available and that taking a plan reduces the value of your estate and may affect any means-tested benefits you’re eligible for.
You have to get specialist advice before releasing equity; it’s the only way to do it. The initial consultation is free with no obligation to proceed. If you decide to go ahead with an equity release plan our advice fee, usually 1.99% of the amount released, subject to a minimum of £1,499, is payable only on completion.
With a lifetime mortgage, the most popular form of equity release, you’ll still own your home. As with any kind of mortgage, it’s a loan secured against your home. All equity release plans we recommend have a no negative equity guarantee, which means you’ll never owe more than the value of your home.
Bridgewater Equity Release
Compare Bridgewater Equity Release Options
If you are an older homeowner who is currently retired or if you are considering retiring you may feel that your current pension is not enough to allow you to enjoy the lifestyle you want, if so you may have been considering what a Bridgewater Equity Release plan could offer you.
Bridgewater Equity Release are a subsidiary of Grainger and member of SHIP, they provide a range of different Home Reversion schemes, which will allow you to access some of the capital tied up in your property either through a one off lump sum or a series of regular payments. Without you or your partner having to downsize or move out of your home.
Advantages of a home reversion plan:
- Sell all or part of your home in exchange for a tax free lump sum or a regular ‘income’
- You and your partner can carry on living in your house for the rest of your life.
- If for whatever reason your circumstances change you still have the opportunity to move to a different property as long as it meets the suitability criteria.
How does home reversion work?
Home reversion plans allow you to access some of the money your property is worth without having to downsize. Instead you sell all or a portion of the ownership of your property to a home reversion company like Bridgwater for less than the market value. In return they will pay you a fixed amount as either a lump sum or in a regular income, these payments are tax free and you can use any funds raised for whatever you like.
You are also guaranteed the right to continue living in your home for the rest of your life rent free. After you die or move into care the proceeds from the sale of your home are shared in accordance to the proportions owned.
How much equity could I release from my home?
The specific maximum amount you can release through a home reversion plan depends predominately on the market value of your home at time of valuation. Bridgewater to offer a Home reversion calculator that could give a rough estimate of how much you might be able to release, however other factors can influence the amount as well such as;Whether the plan is for one person or a couple your age at time of application How much you would like to reserve to leave to any beneficiaries.
Does home reversion have any costs involved?
Some providers and plans do incur some arrangement and administration fees however others do not. You should therefore consider all of your options before committing to a plan to make sure you get getting the best deal for you. You will in most cases though need to pay legal fees to your own solicitor.
Is home reversion right for me?
To decide if a home reversion plan is the right way to release equity from your house it is important to consider all of your options. There are several equity release products available on the market; Bridgewater Equity Release is just one of many. It is also important to consider if an alternative to home reversion such as a Lifetime Mortgage might be a better option for you. To find out more about the different types of equity release, such and which one is right for you, simply click on the link and fill in the quick form and an equity release specialist will get back to you with free, no obligation quotes and advice.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Equity release may affect your entitlement to state benefits and will reduce the value of your estate. It may involve a lifetime mortgage or home reversion plan. All content set out in this website is provided for information only and should not be considered as advice. It is strongly recommended that you seek advice of a qualified, independent financial advisor before making any decisions to take out an equity release product.