Equity Release in Liverpool
Looking to raise tax free cash without moving home?
Compare Equity Release Quotes From UK Providers
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 Liverpool
If you are a retiree living in Liverpool, an equity release may provide you with beneficial source if income if you meet with certain criteria. In order to eligible for an equity release, you must be over a certain age (usually around 55) and own your own home.
How Do They Work?
Like anywhere else in the country, an equity release in Liverpool essentially work by freeing up the stored equity in peoples homes in order to provide them with either a cash lump sum, or with a secondary income that can be used to supplement their pension.
Depending on the type of equity release deal that is selected, the customer may either take out a secured loan against the value of their home (a lifetime mortgage) or a sell a percentage of their home to the provider, (home reversion plan) in exchange for the loan they will receive.
Most policies allow the policyholder to continue to live at the property for as long as they wish, although once they pass on and the property is then sold. A portion of their assets will then be given to the provider to cover the cost of the loan, depending on its size.
Some Potential Drawbacks
- As a percentage of the policyholders estate may automatically go to the provider, potential borrowers should carefully consider the effect this may have on their relatives after they have passed on
- Like many other mortgage agreements, customers may be expected to pay arrangement, legal and valuation fees in order to set up an equity release
- The loan that is received in exchange for the property may not reflect the market value of the home
- Equity releases are lifetime commitments, and often carry heavy penalties and early redemption fees for customers who wish to opt out an agreement.
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.
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?