The Equity Release Market is growing

8th October 2018

More and more people are seeing the wealth in their properties as a way of meeting their growing personal, social and financial needs.

I’ve helped more people to finance different areas of their lives including:

  • Paying off their existing mortgages
  • Clearing existing debts
  • Gifting to a family member to help them buy their own home
  • Home improvements
  • Funding a lifetime experience such as a holiday

Growing number of product options

I have access to a large number of product options to offer to my clients, which means that the ability to access some of the wealth within your property has now been made even easier. There are plans that offer:

  • Inheritance protection
  • Low lifetime fixed interest rates
  • Ability to pay off lump sums on a voluntary basis, subject to criteria
  • Ability to be able to transfer the plan to another property, subject to criteria
  • Wider property criteria accepted
  • No negative equity guarantees
  • The ability to retain ownership of your own property

The marketplace has become competitive so providers, such as Legal and General, One Family, Canada Life (formerly Retirement Advantage), More to Life, Pure Retirement, Legal and General, Hodge, Aviva and LV have risen to the challenge and introduced new products and increased product flexibility. The plans I offer have increasingly competitive rates of interest whilst still maintaining the same high standards and protections to ensure their products provide good outcomes for customers.

These plans encompass the needs of even more people aged 55+, enabling a growing number of my clients to realise their dreams.

People taking out a Lifetime Mortgage

People are contacting me to help them access some of the wealth in their properties to meet their different financial needs. Personally, I have helped many clients release equity from their properties through taking out a Lifetime Mortgage, and I have seen many happy customers pay off their existing debts, make home improvements or help a family member buy their first home. It always makes me so happy to see my customers finally carry out a lifelong dream or a solution to a stressful financial situation.

The Equity Release market is better than it ever has been, and the rates of interest are increasingly competitive with many products available. Now could be the time to consider Equity Release as a real option to try and access some of the funds locked in your property. Your future dreams and financial solutions are already within your reach so please, feel free to give me a call and I will be more than happy to talk you through the options available to you.

Equity Release is available to people aged over the age of 55 and have a minimum property value of £70,000. Equity Release may not be available to everyone.

Why not get in touch and see how we can help?

Equity release could be the answer to some of your financial questions. If you would like to know more about it, and see if it could be the right option for you, please book an appointment or request a call-back

Providers include

JUST
LV
ONEFAMILY
Pure Retirement
more2life

Equity release will reduce the value of your estate and may also affect your entitlement to means-tested benefits. You should always think carefully before securing a loan against your home.

Unless you decide to go ahead with a plan, our service is completely free of charge, as our fixed advice fee of £1,695 is only payable on completion of a plan.

A lifetime mortgage is the most popular form of equity release, and is a loan secured against your home that’s typically repaid when you pass away or go into long-term care.