Equity Release Adviser Lichfield
Equity Select is your independent equity release adviser in Lichfield. When you’re heading towards or starting your retirement, you may find yourself wanting a little extra money for any number of reasons: people are living longer, you may have unexpected demands on your finances from family, or your pension(s) may not be living up to expectations.
This can feel as though you have no freedom to achieve any further life goals. It’s often forgotten that a large proportion of your wealth is locked up in your property.
Equity Select have been helping people throughout Lichfield understand more how equity release mortgages work and advising whether it’s the right option for them.
What is equity release?
Equity release is a product designed for those over the age of 55 who would like to release some of the wealth tied up in their property without having to sell it. The equity released comes to you tax-free in the form of a mortgage with a fixed rate of interest. Typically, the borrowed money along with the accrued interest is repaid to the mortgage lender upon passing away or moving into long term care.
Am I eligible?
If you’re a homeowner aged 55 or over with a property worth at least £70,000, then you may qualify for equity release.
Do I need advice to release equity from my home?
Yes, equity release mortgages are only available through suitably qualified advisers like Equity Select.
What areas around Lichfield do you cover for equity release services?
From our Lichfield office we cover a wide area including Sutton Coldfield, Solihull, Rugeley, Burntwood, Tamworth, Cannock and Walsall to name but a few locations. We are more than happy to come to you to discuss if equity release is right for you. We will always give the best advice for you and as a respected equity release adviser in Lichfield, you can rest assured that we always put your needs first!
See our other services on our Lichfield office page.
How much equity can I release? Try our Equity Release Calculator!
If you’re a homeowner over the age of 55 and would like to find out more about equity release Equity Select offer free consultations face to face or over the phone. Fill in the contact form below or give us a call today to arrange a no obligation appointment.
In the meantime why not have a look at our website where we explain the equity release process, the different options available and look at what the equity release money can be used for – Equity Release Lichfield
Equity Release Advice Lichfield
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How much equity can I release? Try our Equity Release Calculator!
The amount of equity you can release depends on your age, your health, and the value of your property. If you would like an indication of how much equity you could release from your home, try our equity release calculator below:
You could potentially release:
You could potentially release:
The amount shown is only an indication and isn’t guaranteed. To calculate this amount, we compare your age and property value to our “loan to value” table. This allows us to work out what percentage of your home’s value is available to you.
For a personalised illustration, please contact us directly.
