Equity Release in Essex
Looking to raise tax free cash without moving home?
Compare Equity Release Quotes From UK Providers
Mortgages In Retirement
Mortgages In Retirement Service
- Borrowing options from age 55 to 99
- Independent advice on your mortgage options
- Interest only options
- No obligation service
- One short form to complete
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.
Equity Release in Essex
If you are considering an equity release in Essex, it is important to remember that an agreement of this type is usually a lifetime commitment, and customers should therefore carefully consider the benefits and drawbacks of a proposed equity release policy before committing to it on a long term basis.
Equity Releases essentially allow customers to free up equity that is stored in their property, and use it for any purpose they wish. This money could be used to supplement the policy holder’s pension to cover the cost of their living expenses, the cost medical care, or it could even be used to pay for a one off holiday.
The equity releases deals in Essex are generally marketed at older people who are no longer employed and who have paid off the mortgage on their house. Customers who are wealth tied up in their property, but may be concerned about the long term viability of their pension may be perfectly suited to an equity release.
Once a policy has been taken out and the customer receives their money, they will not generally be expected to leave their home, and the payment for the loan will be taken out of any money that is made from the sale of the property.
Although this may seem like a highly beneficial agreement for many customers, it is important to remember that taking out an equity release could drastically affect how much money beneficiaries will receive after the policyholder has passed on.
Broadly speaking, there are two main types of equity release plan available to customers. They are:
- Lifetime Mortgages
- Home Reversion Plans
Lifetime mortgages allow customers to take out a loan that is secured against the value of their home, whereas a home reversion plan will involve selling a portion of the property in exchange for the loan.
Homeowners access record £1 billion in equity release in the last three months
Retirement Pension Advice News IFAs Report A Surge In Enqiries For Equity Release Advice
Equity Release Links
- Equity Release Benefits
- Equity Release Drawbacks
- Over 60 Equity Release
- Equity Release Advice
- Equity Release Best Buys
- Equity Release For Over 55’s
- Equity Release For Pensioners
- Equity Release How it Works
- Equity Release in Birmingham
- Equity Release in Brighton
- Equity Release in Dorset
- Equity Release in Essex
- Equity Release in Glasgow
- Equity Release in Gloucester
- Equity Release In Kent
- Equity Release in Leeds
- Equity Release in Liverpool
- Equity Release In London
- Equity Release In Manchester
- Equity Release In Norfolk
- Equity Release in Northern Ireland
- Equity Release In Norwich
- Equity Release In Scotland
- Equity Release In Wales
- Equity Release in York
- Equity Release and Joint Ownership
- Equity Release Lifetime Mortgage
- Equity Release Loan
- Equity Release Mortgage
- Equity Release Pros and Cons
- Equity Release Providers
- Equity Release Rates
- Equity Release Rules
- Equity Release Schemes
- Equity Release Supermarket
- Equity Release and Taxation
- Equity Release to Buy Another Property
- Home Income Plan
- Home Reversion Scheme
- How Does Equity Release Work?
- How to Release Equity
- How to release equity from your house
- Is equity release a good idea?
- Releasing Equity
- Remortgage Equity Release
- Remortgaging to release equity
- What is equity release?