Equity release, in the form of a lifetime mortgage, can be a great option to access the cash tied up in your home if you're a homeowner aged 55 or over.
If you fit those criteria and would like to explore how you could benefit then we can help you to release the value of the equity tied up in your home, typically allowing you to take the money either as a one-off lump sum payment or alternatively as several smaller amounts (or as a combination of both approaches).
Based in Sheffield, and with over 25 years of experience, we’re here to help. Get in touch with us today and let's find the right equity release options for you.
In an equity release mortgage, the lender will provide you cash in exchange for a future share of the sale proceeds of your home. However, unlike a conventional mortgage, which you repay over a certain period of time, an equity release loan is only repaid once you have left your property.
Homeowners over the age of 55 can use equity release to withdraw tax-free money from the value of their homes. Your age and the value of your house will determine how much you can release. You have the option of claiming your money as a single large lump amount or a series of smaller lump sums, depending on the equity release package you select.
If you wish to pay off an existing mortgage, boost your income, or cover care expenses, equity release may be beneficial. Additionally, you might decide to use equity release to aid with debt repayment. You can benefit from equity release in a variety of ways, but before you choose this course, always get counsel from us.
If you're ready to start discussing the equity release solutions you could benefit from, why not drop us a line, we'd be happy to walk you through the options that are available to you without any obligations.
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