Unlock the potential with Equity Select

Offering friendly, independent equity release advice in Burton on Trent

5 Star Google Reviews

As you approach or enter retirement, you may find yourself looking for extra funds to enhance your lifestyle or cover unexpected costs. With people living longer and financial pressures from family or underperforming pensions, it’s natural to want greater financial flexibility.

Many retirees forget that a significant portion of their wealth is tied up in their home. Through equity release, you can unlock some of this value to support your retirement goals. At Equity Select, we help you understand your options for accessing the money in your property through an equity release plan, giving you the freedom to enjoy the retirement you deserve.

Equity Select have been helping clients release equity from their home in Burton on Trent since 2018.

Please contact me. I’d like to know more about…


Allan Robertson Independent Financial Adviser

Allan Robertson IFA

Certificate in Regulated Equity Release
Diploma in Financial Advice
Certificate in Mortgage Advice and Practice

0330 320 2471

hello@equityselect.co.uk

12 Granary Wharf Business Park, Wetmore Road, Burton on Trent, DE14 1DU

5 Star Google Reviews

Equity Release Burton on Trent FAQ’s

?

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.

Where do you start?

You’ll have a lot of questions when approaching equity release planning, and you’ll need to think it through carefully, with all your options laid out in front of you, but where do you start?

It’s important to have an experienced and independent adviser to help you throughout the process. We’ll make certain that we give you the best advice from the current market, as well as from our own knowledge and experience, and in a clear and completely understandable way. We come to you, operating throughout the UK as well as from our offices in Burton on Trent, Lichfield and Ashby de la Zouch.

?

What is equity release?

Individuals aged 55 and over can release some of the wealth tied up in their property without having to sell it.

If you, as a homeowner, decide to use equity release, you can draw a lump sum or regular smaller sums from the value of your home whilst still residing there. There are plans through which you can take as little as £10,000 tax free and leave further funds in reserve for when you need them.

The two equity release product types available are the lifetime mortgage and the home reversion plan, both of which are regulated by the Financial Conduct Authority (FCA). In the modern equity release market, there are various different features that go with these products. With providers coming up with new features all the time, there’s bound to be an equity release plan to suit your particular requirements.

?

Will I be able to release equity even if I still have a mortgage?

Yes, though you’ll have to use the funds released to repay your outstanding secured loans. Any money left over will be for you to spend as you wish.

Will I still own my home?

With a lifetime mortgage, yes, you’re in control and may live in your home as long as you want to. With a home reversion plan, the reversion company will own all or part of the property, although you may live in it for the rest of your life.

Will I have to make monthly payments

Depending on the equity release product, you can either make monthly interest payments, ad hoc partial interest payments or no monthly payments at all. We’ll discuss this when deciding on the best plan for your needs.

How much can I borrow?

The calculator below will give you an indication of how much you can borrow. For more detailed figures please get in touch.

?

Am I able to pay the loan back early?

Yes, you may pay the equity back early, although this might be subject to early repayment charges. We’ll explain these in full at our initial meeting, as there are different options associated with each equity release product.

What happens if I go into Long Term Care?

Whether you’re single or one of a couple, if you need care in your home, this isn’t likely to affect the terms of your plan. For couples, if one of you leaves to go into a care home, the other can continue to live in the property, and your plan is normally not affected. The plan will end if both of a couple or you as a single person have to move into a care home.

What happens when I pass away?

The property will be sold once the last surviving spouse of a couple or you as a single person have either moved into long-term care or have passed away. The sales proceeds are used to repay the equity, and any money left over forms part of your estate.

Equity release may involve a lifetime mortgage or a home reversion plan. To understand the features and risks, ask for a personalised illustration. Equity release may impact the size of your estate and it could affect your entitlement to current and future means-tested benefits.

Equity release calculator No Personal Details

Use our calculator to see how much equity you could release from your home, No personal details required.

If you decide to take out a lifetime mortgage, you must take the following points into consideration:

It can reduce the amount of inheritance you’ll leave behind to your friends and family.

It may affect your tax position and the welfare benefits you’re entitled to.

Interest will be added to the amount you’ve borrowed plus any interest already added, which is known as compound interest.

If you decide to repay the loan early, there may be an early repayment charge.

Equity Release Calculator

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.

Equity Release Council - Allan Robertson Equity Select

By joining the Council, members are demonstrating they are committed to delivering high standards of consumer protection and serving their customers with transparency and their best interests at heart. To find out more about the Equity Release Council check out our profile.

Recent client reviews and experiences
Review from Google
Allan was a huge help in dealing with retirement planning and work pensions. His knowledge and advice were exemplary, clear and concise, allowing me to make informed decisions going forward. His cheerful and friendly demeanour all helped to navigate what can be a frustrating task. Thank you so much, Allan!
Review from Google
I would highly recommend Allan at Equity Select to anyone looking for a knowledgeable, reliable and approachable professional.

Allan has supported me over several years throughout the process of purchasing a home, including navigating the challenges of multiple sales falling through. Throughout it all, he has been incredibly knowledgeable, patient and supportive, always making himself available at short notice to offer advice and guidance whenever needed. He found us a very good mortgage deal which we were beyond happy with.

I have also purchased insurance through Allan, and he took the time to find the best prices to suit our budget, making the entire process seamless and completely stress-free.

His services are very reasonably priced, and his expertise, professionalism and friendly approach have made what has been an extremely stressful few years so much easier to manage.

I genuinely cannot thank Allan enough for everything he has done for me over the years and I wouldn’t hesitate to use him again. I wouldn’t look to go anywhere else and would wholeheartedly recommend Allan and his company to anyone. Thanks Allan!
Review from Google
Excellent financial advice, friendly and reliable service, happy to recommend.
Review from Google
We were very happy with the service and quick responses.
Review from Google
Allan Robertson and his team at Equity Select have helped me find the best mortgage deals on at least three occasions. He discusses my requirements and current situation, then searches the whole market and provides options with a clear breakdown of product features and costs. Allan does all the fiddly paperwork bit, provides clear timelines and sends regular updates throughout the process.
Equity Select take a potentially stressful situation, and make it simple and transparent with clear communication throughout. I can highly recommend Allan and his team.
Review from Google
Allan and his team as always remove all the stress and the paperwork, form a mortgage application. Professional, friendly and always reminding you what to do and how. Options were shared and great advice leading to a smooth and approved application in no time at all. If you need a Mortgage no hestiation in recommend Equity Select.
Review from Google
Excellent service, very knowledgeable and helpful
Review from Google
Very thorough and efficient, excellent communication and a useful professional advice.
Review from Google
We cannot recommend Allan highly enough. He has helped us immensely with both our mortgages and our pensions, and the support he’s given us has been absolutely invaluable.

Allan explains everything clearly, takes the time to understand our circumstances, and always makes us feel confident that we’re making the right decisions for our future. Nothing is ever too much trouble, and he’s always approachable, responsive, and genuinely invested in helping his clients.

Thanks to Allan, we feel far more secure and informed about our finances than we ever have before. If you’re looking for a financial advisor who is knowledgeable, trustworthy, and truly cares, Allan is the one.
Review from Google
Allan was very pleasant welcoming and knowledgable gave us excellent advice and arranged everything. He dealt with all the paperwork and made it very easy for us. He was always available if we needed advice and explained everything step by step and we are very happy with the service he provided.