If You Are OVER 55? YOU COULD REVEAL HOW MUCH YOU CAN RELEASE FROM YOUR PROPERTY TODAY.
As you may be aware... Equity Release Isn't Suitable For Everyone
Also, not everyone can qualify for equity release and it's not always the suitable answer . If you only read one page about equity release, then please read this one.
Equity Release Hull will help you decide which product is certainly best for you. Not only do we help you to compare the whole market with the full market for equity release, but we also offer you complete guidance on all the schemes available.
We do this with no obligation. Exclusive offers could also save you thousands.
Please note that equity release is sometimes known as a lifetime mortgage, retirement home plan or home reversion.
We only enlist Ethical, Professional Equity Release Advisers, Not Salesmen
Importantly, we're not a come and go sales company - we are ethical Financial Conduct Authority Registered Independent Financial Advisers that have to stick to stringent rules surrounding equity release.
We've a large experience in this sector and will also tell you if equity release is not right for you.
The Financial Conduct Authority says:"Choosing a financial adviser might seem daunting, but if you need help with a financial decision, it is worth persevering. A good adviser can save you money and a lot of worry."
So, if you find yourself with equity in your home but limited cash to live as you’d like in your retirement, it’s a potential solution.
Most Plans Allow You To:
- Maintain 100% Home-ownership.
- All Money Released Is Tax-Free.
- Continue To Live In Property.
- You Can Gift An Early Inheritance
If you are Asset Rich, But Cash Poor? It Really Doesn't Make Sense not to find out more
Over 55 and a homeowner? We may have good news for you
Over recent years, property values in much of the UK have gone up significantly and many homeowners, particularly those who bought their property some time ago, could now find themselves with a decent amount of equity.
Are you sitting in a property that's worth hundreds of thousands of pounds?
Equity release schemes are aimed typically at homeowners who find themselves with very little disposable income, but living in a property which may be worth a large amount of money.
The Council of Mortgage Lenders say that retired homeowners are sitting on £1.1 trillion of un mortgaged equity.
With an equity release scheme, you're able to release part of the value of your property in return for a lifetime income, tax-free cash lump sum or a combination of both... all with not a risk of losing your house.
If you would like to speak to someone today, our qualified advisors are available to take your call at a time that suits you best. We aim to make it as convenient as possible for you, and we will provide you with a fully personalised recommendation over-the-phone. Our UK phone lines are open 24 hours a day and there are no automated systems, so why not get in touch today.
Are You Still in Debt? Equity Release Could Be The Answer
In recent years, equity release is becoming increasingly popular as our senior population is growing. It can relieve debt and substantially increase retirement income.
The highly respected debt charity, Consumer Credit Counselling Service (CCCS), does suggest equity release to over 55s who owe money as a way to pay back borrowed money.
However, although many use equity release as a way of paying debt, Saga , speaking on their own research, says "Our findings dispel the often held myth that equity release is just a last resort for cash strapped pensioners, when in fact people use the capital in their home to enjoy life, not just to get by."
Open to UK homeowners aged 55 and over, a lifetime mortgage is a loan for an agreed amount of tax-free money secured against your home.
You continue to own the property and don’t make monthly repayments. Instead the money you borrow is repaid plus interest when the house is sold, which is usually when you die or go into residential care. If there is any money left over once the loan has been repaid, this will go to your estate.
What is Equity?
Equity is your current mortgage balance taken away from the current value of your house. If your mortgage is paid off and your house is worth, say, £300,000, then your equity is £300,000. Equity Release should not be confused with re mortgaging.
The table below will give you a rough idea of the amount some equity release providers may be prepared to lend you. For example, using the table, Mrs Davis is 65 and owns a home worth £200,000. If she took an equity release lifetime mortgage plan, she could release a maximum of £62,000 in cash. That's 31% loan to value of £200,00. (£200,000 x 31% = £62,000)
Loan to value (LTV) is the amount of the equity as a percentage of the value of the property. Providers take loan to value percentages into consideration when considering your application for equity release
Learn Which Is The Best Equity Release For Your Circumstances
Equity Release Hull will provide all the information you need on the many of equity release schemes available.
We can also negotiate preferential equity release deals, including lower interest rates from some providers, that you may not achieve elsewhere.
YOU MAY WANT TO...
OR RELEASE EQUITY TO HELP OTHERS...
There are two main types of equity release:
- Lifetime mortgage. This is the most common type of equity release. You borrow money secured against your home. The mortgage is usually repaid from the sale of your home when you die or move permanently into residential care.
- Home reversion plan. You raise money by selling all or part of your home while continuing to live in it until you die or move into permanent residential care.
- So, if you find yourself with equity in your home but limited cash to live as you’d like in your retirement, it’s a potential solution.
Depending on the plan you take you can...
• Own 100% of your home and can continue to live in it
• You are able to benefit from any future rise in house prices
• Release a tax–free cash lump sum or an income for life
• Release more cash when you need it and spend that cash as you wish
• Consolidate your debt levels
• Guarantee your income for life
• Provide an emergency fund
• Pay no valuation or set-up fee
• Most plans have a no negative equity guarantee
• There are no credit checks
Are You Eligible For Equity Release?
Please complete the quick, easy enquiry below and learn if you qualify for equity release and if equity release is a suitable product for you.
If so, we'll give you full details of all the products available and our advisers will tell you which could be the best one for your circumstances.
Simply please take a minute to enter your details and you'll be called back as soon as possible with an answer. We'll also tell you how much money you should be able to release from your property.
Using our calculator will show you:
- How much you can release and the latest interest rates.
- The process involved in releasing equity from your property and how long it could take.
- An overview of any potential fees that may be incurred by taking out a policy.
Our team of qualified equity release advisors will provide you with honest and independent advice about unlocking cash ... We can also offer you home visits.
For your convenience we are pleased to be able to offer a no obligation home advice meeting at your convenience in any of the following areas.