Equity Release Whitchurch
Want to speak to an advisor about equity release in Whitchurch? If you are a homeowner and aged over 55, equity release could enable you to improve your finances by possibly paying off your mortgage, loans or credit cards or making home improvements. It is a way of unlocking the value of your property, without having to move home. Money is paid out as either a cash lump sum or as a regular income.
We have a dedicated team of professionals that will help find the right equity release scheme to suit your needs, whatever it is that you are trying to achieve. Get in touch today to discuss equity release in Whitchurch with an independent financial advisor.
Need help with equity release?
Call us today on 01743 382018 for more information about equity release or use the contact form to make enquiry.
Unlock your property value with equity release in Whitchurch.
Releasing equity from your home could offer the financial freedom that you have been searching for. We’ve helped clients with equity release in Whitchurch for many different reasons. There are absolutely no restrictions on what you use the money for; whether you need it to pay off debts or go on the cruise of a lifetime. It’s your money, the only difference being that it was previously tied up in your property. It can be a fantastic method of easing any financial worries and improving your lifestyle.
With equity release in Whitchurch, some common things that we’ve seen clients use their released money for include:
- Home improvements, a new car, caravan or holiday home
- Holidays and cruises
- Private medical care
- Helping family members
- Repaying an existing mortgage and settling outstanding
Praise for LG Embrey.
“LG Embrey have been our financial adviser for many years now and my wife and I can’t fault their service and expertise. They offer professional, unbiased advice and guidance on a wide range of financial issues and investment opportunities.”
– David Shepherd
Whitchurch equity release advice.
There are many different equity release products available on the market, each with their own pros and cons. By seeking professional advice for equity release in Whitchurch, you can find the best product for your needs.
All equity release products typically fit into two different categories: lifetime mortgages and home-reversion plans.
With a lifetime mortgage, you get a fixed interest rate. Rather than like you would with a conventional repayment mortgage, you don’t repay this sum in regular instalments. Your debt is then rolled up instead, meaning that your interest is calculated on an ever-increasing total and you only pay off your mortgage when the property is sold.
With a home-reversion plan, an equity release company buys a fixed share of your property from you and waits for the value of that share to increase.
With so many different products to choose from across two separate categories, it’s essential that you get the right advice for equity release in Whitchurch. Speak to an expert today at LG Embrey to discuss releasing equity from your home. We’ll explain all of your options in a way that is easy for you to understand.
Enquire now for equity release in Whitchurch.
As an independent financial advisory firm, we provide clear, impartial, tailored advice for equity release in Whitchurch. We provide financial advice to individuals, families and business owners to help plan for their financial future. Our service is tailored completely to your circumstances, it’s our aim to match you with the right product your needs.
To discuss equity release in Whitchurch enquire online for a free consultation or call us on 01743 382018. We offer genuine, unbiased advice and will take all of your individual circumstances into account. We look forward to hearing from you!
Equity release Whitchurch FAQs
Usually, equity release is packaged as a lifetime mortgage. This is a loan that is secured against your property. When you die or move into long-term care your home will be sold (or the debt bought by a family member) and the money will be used to pay off the loan and accrued interest. The contractual specifics depend on the package and the lender. Your advisor will be able to walk you through the equity release process in a way that is easy for you to understand.
In order to qualify for equity release you must be a homeowner, and the property must be kept in good condition. Providers will also want to ensure that there is nothing outstanding, or a plan to clear the remaining borrowing. Equity Release typically requires the client to be at least 55 years of age, though some schemes may require you to be older.
This depends on a number of factors, including the age of the youngest homeowner, the value of your property and whether you have any pre-existing health conditions. Keep in mind that you should only initially release the money that you need. The more you borrow, the more interest you are charged and need to repay. Speak to an independent equity release advisor to learn how much you could release from your property.
The answer to this depends on your specific circumstances, which is why you should always speak to an advisor first. For some, equity release is a great idea as it allows them to enjoy the later years in their life with extra cash. In addition, releasing money from your home by equity release is tax-free. It will however reduce the value of your estate, and it can also affect means-tested state benefits like pension credit or council tax reduction.
A certified and experienced financial advisor will be able to advise you whether you should release equity or not.
