You may already have an existing equity release mortgage, or perhaps you are looking to take out some additional borrowing with a new mortgage for those “one-off items” such as holidays, a new car, or to gift money to your children perhaps.
Additionally, we can also arrange a “drawdown” facility that enables access to a set amount per year to complement your regular income. By avoiding a lump sum upfront you can budget year on year, and save on the interest payments.
The amount you can borrow via equity release is down to your age and how much your home is worth. We can tell you quickly the maximum amount available, whilst show you the rates and deals available to you.
This is very much optional. If you preferred a deal which meant their was no condition to make monthly payments then this is absolutely fine, whereas there are arrangements where you can make set monthly / annual payments, or simply service the interest.
If you are 55 or over, and have equity in your home, then it is highly likely you will be accepted for equity release. Our qualified brokers will guide you on the process and will advise on the best options available to you.
You are allowed to raise funds for many reasons, such as gifting funds to a friend / relative, carrying out home improvements, going on holiday or making a leisure purchase, repaying an existing mortgage or unsecured debts, and / or even obtaining a lump sum to provide you with a monthly income.
Whilst some lenders will expect a good credit rating, you’ll find that most lenders are comfortable with poor credit situations, and in majority of instances they’ll be a lender available to lend. Our specialist equity release brokers will source for you the perfect arrangement.
To apply, all you need to do is visit our ‘contact us’ page to make an appointment or request a quote. Our team of friendly brokers can answer any questions that you have and will offer a service that is catered for all your preferences.