You may have heard of the expression “Asset Rich, but Cash Poor”, what this means is that a person’s wealth is not always easily accessible. Your home is likely to be your biggest asset, and equity release is a term covering many schemes that allow homeowners over 55 to access the value of the house without having to sell it.
Over the last few years, the Equity Release market has expanded dramatically. There are far more products on the market, and interest rates are competitive, despite the continued rise in house prices and the current financial situation. This leads to many people looking to use one of the various equity release schemes to access money from their property for many different reasons.
With hundreds of products available, it is essential you receive personal advice before embarking on Equity Release. Access Equity Release is an award-winning equity release company and I have a wealth of experience and will always find the right solutions for you.
Contact me now to learn more about equity release mortgages. To book a consultation, please call 0203 840 5011
With me, you not only have an equity release adviser who has decades of experience in advising clients on many aspects of personal finance, but someone who is independent and knowledgeable of the property market. I have access to the whole market, will consider what you are looking to achieve along with how much money you can release and offer you choices across the sector. I will then advise you as to which I believe is the most suitable option, giving you all the information you need before you decide whether to proceed or not.
When releasing some equity from your home, the lender will put a Charge against it, as they would with any mortgage. You still own your home but due to equity release being designed predominantly for the long-term, products often come with early repayment fees and restrictions in the short term about moving. I will go through these with you one by one.
You are not just another client to me. I am looking to create a personal approach, find out more about you and your financial circumstances. This will enable me choose the best product for you to achieve your dreams, and to offer you the best impartial advice on equity release in Hampton Court, Hampton or East & West Molesey.
The equity you release from your property can be used as you wish. Common reasons include:
To make improvements to your home
To enjoy a once-in-a-lifetime holiday or to travel more
To pay off an existing mortgage, credit card or other debts
To help out family and friends
To help with everyday living costs
To pay for home care or private medical bills