Equity Release North East

Equity mortgage release schemes give older homeowners a way to turn some of the value of their homes into a cash lump sum or a regular income. Equity Release schemes are designed to unlock the wealth that is tied up in their homes.

• Are you looking for a loan but can't afford the repayments?
• Would you like to pay off your existing mortgage or loan to reduce your outgoings?
• Would you just like to improve your standard of living?

Equity release could be the answer

If you or a family member are over 55 and own your own home, an equity release loan could help to unlock the door to a more comfortable retirement.

There are millions of older UK homeowners who live in a valuable property but still have to juggle their expenses and sometimes find it a struggle to pay all their bills. Perhaps they have a reasonable lifestyle, but still can’t quite afford some of the comforts and luxuries that they have been promising themselves for many years, or perhaps they need to pay for something expensive they can’t afford, but can’t avoid.

An equity release scheme could mean the difference between a comfortable retirement and a constant worry about paying the bills. 

Here are just some common equity release loan features:

- No repayments of the loan during your lifetime
- Guarantee you will never have to leave your home
- No negative equity guarantee (you can never owe any more than the value of your home)
- Freedom to move (subject to certain criteria)
- Protect your equity – you can guarantee a percentage of your home’s value is protected
- Drawdown – release equity over time, if and when you need to 

To find out whether you are likely to qualify and, if so, how much equity could be released, contact our partner on the left.

A UK Equity Release Loan may involve a Lifetime Mortgage or a Home Reversion Plan. To understand the features and risks please ask for a personalised illustration.

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