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.
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