Equity Release Mortgage Advice

23/11/2022

Next in our client stories session about a call we got from Roy, he had been searching the market for some time for Equity Release and couldn’t find the information that he needed. All of the products that he found didn’t seem right for him.

Eventually, he picked up the phone and spoke to one of our experts and we advised him about other products that might be of interest like Retirement Interest Only Mortgages.

This gave Roy some additional options and after another meeting with Roy and his family, they have decided that a Retirement Interest Only Mortgage is a much better option for him.

Equity Release Mortgage Advice - Accessing the Value of Your Home

14/11/2022

We wanted to share some stories about customers we've had over the last few months to help people understand what options are available to them.

Just a few weeks ago we had a lady called Mary visit us. Mary had been with a major financial services provider for many years and was paying a high rate. She wasn't aware that because of the changes in the market she was now in a position where she could break away from her existing provider and move over to a new plan, if it made financial sense.

We spent some time with Mary and took her through all of the options available and found that she could reduce her payments dramatically if she moved to a new provider. Now Mary is paying less but even managed to take out a small lump sum for a winter break.

07/10/2022

What Types of Equity Release Plans are Available?



To give you an idea of what is currently available and help you decide what type of product might be right for you, here’s a round-up of some of the newest equity release products on the market and how they differ from other, more traditional equity release products.





Lump Sum Plans

Drawdown Lifetime Mortgage

Retirement interest-only mortgages

Voluntary Repayment Plans

Second/Holiday Home Plans

22/09/2022

If I already have a Equity Release plan in place is it worth switching plans

Just like those with a traditional mortgage, if you already have an equity release plan in place, you can switch products to a new deal with more favourable terms. Equity release providers have been coming up with more and more innovative products in recent years, so if you took out an equity release plan a few years ago, there’s a good chance there are now better deals available. It could be beneficial to lock into a fixed-rate offer now.

15/09/2022

Why Now Might Be The Best Time To Release Equity?

While equity release has been around for a while, it’s only recently that more and more people have started to take advantage of it. This is largely due to the introduction of new products which offer much more flexibility than the traditional type of plan. Newer products with features such as the ability to make partial repayments, or draw down money in stages, have made equity release a much more attractive proposition.

Another reason to consider releasing equity from your home now is that property values are currently at an all-time high. This means that you could release a large lump sum of cash while leaving plenty of equity in your property.

09/09/2022

What Are The Advantages?

One of the main advantages of equity release is that it gives you access to cash without having to move out of your home or downsize. This can be a big plus point for retirees who have built up a lifetime of memories in their current property and are not ready to leave it just yet.

Equity release can also be a more flexible way of borrowing than taking out a traditional remortgage or secured loan. With a re-mortgage, you would usually have to make monthly repayments, which can be difficult to afford on a fixed income. With equity release, there are no required monthly repayments, so you can use the money however you like without having to worry about making repayments each month.

22/07/2022

Who Can Benefit from Equity Release?

Not everyone can benefit from Equity Release. Can you?

For more information please visit equityreleasemortgageadvice.org

11/07/2022

How Does Equity Release Work?

This week we focus on how Equity Release works? For more information please visit

Equity Release Mortgage Advice - Accessing the Value of Your Home

21/06/2022

Understanding Equity Release: What It Is and How It Works

If you’re a homeowner, you may have come across the term Equity Release at one point or another.

In this article, we will outline what equity release is, how it works, and who might benefit from it.

What is Equity Release?

Equity release lets homeowners aged 55 or more access a tax-free sum corresponding to the value of their home. The amount released depends on the homeowner’s age and the property’s value. You will still own your home, you are not required to move out and you do not have to make monthly mortgage payments - unless you want to.

In short, equity release refers to a group of services that can enable homeowners to access the money tied up with their house. When we refer to Equity Release, we are specifically talking about a lifetime mortgage product.

A lifetime mortgage is the most popular option of the equity release plans available. By choosing the lifetime mortgage option, the homeowner can elect to make repayments on the loan or, alternatively, they can just allow the interest to build. When the homeowner passes away or moves out of the home due to the inability to live independently, the property is sold and the interest and loan is repaid.

Who Might Benefit from Equity Release?

You may benefit if you are looking to pay off other loans or an existing mortgage,
assist your children financially, upgrade your property or increase your monthly income.

Every individual situation is different and as a general rule, you should think of equity release as a last resort. The options may be beneficial, but they come with significant levels of risk. If you are considering equity release, be sure to carefully examine the advantages and disadvantages before moving forward.
The professionals at Equity Release Mortgage Advice will be able to give you expert advice and answer any questions that you may have.

Please visit our website at equityreleasemortgageadvice.org for more information.