More and more homeowners aged 55 and over are seeking ways to free up cash to fund their needs, but finding a reliable and trustworthy financial solution can be difficult.
Your Choice is here to save you time and energy. Offering an award-winning advice service, we explain how equity release works and compare your financial solutions to find your best match.
Whether you are looking for ways to boost your disposable income, improve your home, or help your loved ones financially, your property wealth could be the key to achieving your ambitions.
Use our online calculator today to see how much you could release!
You could be eligible for equity release today! Use our instant equity release calculator below to see how much you could release and also request your FREE posted and digital guide to equity release.
Equity release is becoming increasingly popular as UK homeowners look to take advantage of their property wealth to fund their later life ambitions. However, equity release products are still not widely understood and are often the subject of decades old myths concerning safety, how much you can release and how much you could owe. Below we have listed some of the main questions our customers have when considering releasing equity.
The amount that you can borrow depends on the value of your home and the age of the youngest homeowner on the deeds. In some cases it could also be impacted by your health. To be eligible the youngest homeowner must be aged 55 or over, and the property must be worth at least £70,000.
Based on your personal circumstances we will work to find the plan that best suits you. There are a number of different types of Lifetime Mortgage, based on the way you release the funds and whether or not you wish to make voluntary repayments during your lifetime.
Lifetime Mortgages have no fixed end date and the mortgage balance is due for repayment once the last homeowner on the deeds has either passed away or entered into long-term care. Typically, this is achieved through the sale of the property.